Our main focus is to refine and market fuel, lubricants and other various petroleum
derivatives globally. We are the international subsidiary of
Kuwait Petroleum Corporation, which combines elements of
Kuwait oil sector under one corporate umbrella and is
recognized as one of the world’s top ten
Oil exploration in Kuwait began in 1934, when Kuwait Oil Company was established by Anglo-Persian Oil Company, which is known today as BP (British Petroleum), and Gulf Oil Corporation, now known as Chevron. Four years later, oil was struck in Burgan oil field. Oil exportation abroad began on the 30th of June 1946, when the late Emir of Kuwait, Sh. Ahmad Al-Jaber Al-Sabah, turned a silver wheel to start Kuwait’s first crude oil export aboard the oil tanker ‘British Fusilier.’
In 1975, Kuwait nationalized its oil industry and the People of Kuwait became the sole shareholder of all their resources. In the years that followed the nationalization of the oil industry, it became apparent that there was a need to create a commercial entity to serve as an umbrella organization to manage Kuwait’s diversified oil interests. The solution came in 1980 when the Government of Kuwait created Kuwait Petroleum Corporation (KPC).
KPC was established to manage and integrate the different aspects of the oil industry; upstream, downstream, and marketing. Throughout the 1980's, expansion and integration occurred continued, and in 1983, KPC acquired most of Gulf Oil's refining and marketing operations in Western Europe, in addition to BP's Danish operations and established Kuwait Petroleum International (KPI) in London to manage these interests. KPI is 100% owned by KPC.
In 1986, the ‘Q8’ brand was launched. Other major expansions such as the purchase of Mobil network in Italy took place in the early 1990s. With a focus on international expansion, Q8 began operations in Spain in 1992 and two years later acquired BP's Luxembourg assets. Q8 penetrated the Italian market as well, with a refining joint venture with AGIP (later acquired by ENI) at Milazzo, and invested further in Italy's retail stations. Additional investment was made in Belgium and a further joint venture with OKF resulted in the birth of OKQ8; the biggest fuel retail market player in Sweden. In 2004, Q8 decided to leave the UK market as the profitability was not sustained. The Company, however, expanded its market shares in the Netherlands by acquiring a part of BP network as well as an automat network (TANGO). In Belgium, Q8 become the second biggest market player due to the acquisition of BP and Aral networks. Airport refueling operations throughout Europe and Hong Kong were also expanded.
Today, Q8 employs 3600 professionals from all over the world, and markets approximately 450,000 barrels per day through its aviation, direct and lubricant business and more than 4000 retail service stations. It has also a JV refinery in Vietnam - the largest in the country - where commercial operation is expected in 2017.