Everything about Kuwait Petroleum Corporation totally explained
Kuwait Petroleum Corporation (
Arabic: مؤسسة البترول الكويتية) was
Kuwait's national
oil company, headquartered in
Kuwait City. It was founded on January 27th, 1980 as an umbrella company, integrating
KOC,
KNPC, KOTC and PIC and effectively placing them under government control.
The company's products have been sold in some countries under a subsidiary's name
Q8.
In
Sweden, a subsidiary of KPC, KPI-Q8's
gas stations are known as
OKQ8 - a result of a merger between Q8 and Swedish "OK".
In the Netherlands, Kuwait Petroleum has a refinery in
Europoort in
Rotterdam and is a partner in the
Maasvlakte Olie Terminal. There are 146 gas stations in the Netherlands.
There are 404 Q8 stations in Belgium. Q8's large share of the Belgian market is due to the acquisition of Belgian BP offices in 1998 and the Aral stations in 1999. However, over the years, Q8 has closed many stations in residential areas and near apartment complexes. Like its competitors, Q8 also has a network of unmanned gas stations called Q8 Easy.
In Belgium, Q8 has formed a partnership of sorts with Delhaize Shop 'n' Go. This is a small convenience store where ready-to-use and on-the-go products are sold. However, it still is able to offer a wide variety of automotive services. They have extensive hours, and are often combined with a Panos Corner bakery.
There are no more Q8 Petroleum stores in the UK, after being bought out in 2004 by a joint venture company Refined Holdings which was formed specifically for the sale. The Q8 brand has since then been phased out of the UK.
Subsidiaries
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