Kuwait Petroleum International - History

History

  • 1938 Discovery of Oil in Kuwait
  • 1975 Nationalisation Oil wells in Kuwait
  • 1980 Foundation Kuwait Petroleum Corporation
  • 1983 Foundation Kuwait Petroleum International Limited - Acquisition Gulf Oil in the Benelux, Sweden and Denmark
  • 1984 Acquisition Gulf Oil in Italy
  • 1986 Acquisition of Hays Petroleum Services (which had previously been owned by the Kuwait Investment Office, and used the Pace Petroleum brand) and Ultramar in the UK - Introduction of the Q8 brand
  • 1987 Acquisition of BP in Denmark
  • 1987 Acquisition of the Soviet-controlled Nafta in Britain
  • 1990 Acquisition of Mobil Oil in Italy
  • 1997 Joint Venture with Agip - Milazzo refinery in Sicily
  • 1998 Joint Venture OK Petroleum and KPI in Sweden establishing the OKQ8 brand
  • 1998 Acquisition of BP retail Belgium
  • 1999 Acquisition of Aral Belgium
  • 2004 Acquisition of Tango unmanned sites from Petroplus in the Netherlands (62 sites), Belgium (4 sites) and Spain(1 site); these are typically now branded "Q8 Easy"
  • 2004 Sale of UK operations to a consortium operating under the name Pace Petroleum
  • 2005 Sale of Thai operations to the Malaysian company Petronas
  • 2006 Sale of German operation (which had 37 service stations under the Markant brand) to Westfalen

Read more about this topic:  Kuwait Petroleum International

Famous quotes containing the word history:

    “The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
    —D.H. (David Herbert)

    “To care for the quarrels of the past, to identify oneself passionately with a cause that became, politically speaking, a losing cause with the birth of the modern world, is to experience a kind of straining against reality, a rebellious nonconformity that, again, is rare in America, where children are instructed in the virtues of the system they live under, as though history had achieved a happy ending in American civics.”
    —Mary McCarthy (1912–1989)

    “Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.”
    —Sébastien-Roch Nicolas De Chamfort (1741–1794)