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(Kuwait Petroleum International) receives the Best Gulf Partnership Award for the year 2024 for the Duqm Refinery Project

10-10-2024

Kuwait Petroleum International announced that it has received the Best Gulf Partnership Award for the year 2024 for its partnership with the Omani Integrated Energy Group (OQ) in the Duqm Refinery Project, which is granted by the Energy Year magazine, which specializes in energy affairs and is published in the British capital, London. Kuwait Petroleum International said in a press statement following the award ceremony held in Kuwait today, Thursday, that the company’s Quality Assurance Group Manager, Fouad Qabazard, received the award on behalf of the company’s CEO, Shafi Al-Ajmi, during a ceremony held in Kuwait on this occasion. The statement quoted Qabazard as saying that the Duqm Refinery Project is one of the most important strategic partnerships in the field of refineries in the region, noting that it is the largest investment project between two Gulf states in the refinery and petrochemical sector. He explained that the project is a bright page in the pages of enhancing economic integration between the two brotherly countries, noting that it is the fruit of an equal partnership between Kuwait Petroleum International and Omani OQ Company, as the official opening of the refinery took place last February in the presence of His Highness the Amir of the country Sheikh Mishaal Al-Ahmad Al-Jaber Al-Sabah and Sultan of Oman Haitham bin Tariq, may God protect and preserve them. He stated that the refinery operates with a refining capacity of 230,000 barrels per day, of which 65 percent is Kuwaiti oil and 35 percent is Omani oil, with the possibility of refining 100 percent of Kuwaiti crude oil. He stated that the refinery provides a range of high-quality hydrocarbon products such as diesel, jet fuel, liquefied petroleum gas, sulfur and petroleum coke in line with the highest international and environmental standards. Kuwait Petroleum International was established in 1983 and is a global marketing company affiliated with the Kuwait Petroleum Corporation. It operates a huge and wide network of retail fuel stations and stations to serve dedicated transportation routes in Europe, exceeding 4,700 stations. The company also supplies global aviation with jet fuel at more than 70 airports worldwide, in addition to manufacturing and marketing one of the best and highest quality oils in the world. It also owns shares in three global refineries in Italy, Vietnam and Oman through partnerships with international oil companies. It is worth noting that the magazine (Energy Year) prepares comprehensive and detailed annual reports on all oil countries around the world. It was previously called (Oil and Gas Year), but it changed to its current name due to the multiplicity of energy sources and their expansion beyond the scope of the oil and gas industry.