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

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