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Kuwait Petroleum International, often referred to by its trademark Q8 (pronounced Que-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.

State of Kuwait
Kuwait Petroleum International (Q8)
شركة بترول الكويت العالمية
Agency overview
Formed1983
HeadquartersKuwait Kuwait
Agency executive
  • Bkheet Al-Rashidi, Chairman
Parent agencyKuwait Petroleum Corporation
Websitehttp://www.Q8.com

HistoryEdit

  • 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

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

ReferencesEdit

  1. ^ "Q8". Q8. Retrieved 2016-08-23.
  2. ^ "Kuwait Japan joint oil refinery project in Vietnam". SteelGuru. 11 November 2008. Retrieved 2008-11-15.

External linksEdit