State of Kuwait
Kuwait Petroleum International (Q8)
شركة البترول الكويتية العالمية
Agency overview
Formed1983
HeadquartersKuwait Kuwait
Agency executive
  • Nawaf S. N. Al-Sabah, Chairman
Parent agencyKuwait Petroleum Corporation
Websitehttp://www.Q8.com

Kuwait Petroleum International, often referred to by its trademark Q8 (pronounced Cue-Eight, or Kuwait), refines and markets fuel, lubricants and other petroleum products in Europe. Established in 1983, it is the international subsidiary of Kuwait Petroleum Corporation.[1][2] It supplies 4,000 retail filling stations, as well as direct sales operations delivering fuel and heating oil to domestic and industrial users. Q8 also operates an International Diesel Service (IDS) - a secure fuel card service supported by automated technology for international road transportation companies - in more than 700 located sites throughout Europe. Q8 also has a significant aviation business marketing jet fuel at more than 40 airports worldwide and a lubricants business with five lubricants blending plants, direct sales and marketing activities across Europe and export sales to over 75 countries worldwide.

History

  • 1938 Discovery of oil in Kuwait
  • 1975 Nationalisation of oil wells in Kuwait
  • 1980 Foundation of Kuwait Petroleum Corporation
  • 1983 Foundation of Kuwait Petroleum International Limited - Acquisition Gulf Oil in the Benelux, Sweden and Denmark
  • 1984 Acquisition of 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
  • 2017 A joint venture between Kuwait Petroleum International and OQ was announced for the development of Duqm Refinery and Petrochemical Complex.[3] In the same year, OQ's subsidiary, Oman Tank Terminal Company (OTTCO), began construction of a crude oil storage terminal near Raz Markaz.[4]
A Dhow near Dar es Salaam, Tanzania

The company's logo represents a dhow, a traditional Arab sailboat. The colours yellow, red and blue symbolise the desert, sun and sea respectively.

References

  1. ↑ "Q8". Q8. Archived from the original on 2017-07-24. Retrieved 2016-08-23.
  2. ↑ "Kuwait Japan joint oil refinery project in Vietnam". SteelGuru. 11 November 2008. Archived from the original on 23 November 2018. Retrieved 2008-11-15.
  3. ↑ NS Energy. "Duqm Refinery and Petrochemicals Project".
  4. ↑ "Ras Markaz Crude Oil Storage Terminal - Hydrocarbons Technology". www.hydrocarbons-technology.com.
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