KPC was established to handle and integrate the completely different facets of the oil trade; upstream, downstream, and advertising and marketing. Throughout the 1980’s, growth 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 pursuits. ammonia cooler KPI is one hundred% owned by KPC.
In 1986, the ‘Q8’ model was launched. Other main expansions reminiscent of the acquisition of Mobil network in Italy befell within the early nineteen nineties. With a deal with worldwide enlargement, Q8 began operations in Spain in 1992 and two years later acquired BP’s Luxembourg belongings. Q8 penetrated the Italian market as nicely, 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 an additional joint venture with OKF resulted within the delivery of OKQ8; the most important gas retail market player in Sweden. In 2004, Q8 determined to leave the UK market because the profitability was not sustained. The company, however, expanded its market shares within the Netherlands by acquiring a part of BP community in addition to an automat community (TANGO). In Belgium, Q8 turn into the second biggest market player as a result of acquisition of BP and Aral networks. Airport refueling operations throughout Europe and Hong Kong had been also expanded.
Today, Q8 employs 3600 professionals from all over the world, and markets roughly 450,000 barrels per day by its aviation, direct and lubricant business and more than 4000 retail service stations. It has additionally a JV refinery in Vietnam – the biggest within the nation – where business operation is anticipated in 2017.
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