Kuwait Petroleum Corp. (KPC) was established in January 1980 as a public corporation to handle all Kuwait's petroleum industry activities. The Ministry of Oil decided the four state oil companies, Kuwait Oil Co. (KOC), Kuwait National Petroleum Co. (KNPC), Petrochemical Industries Co. (PIC), and Kuwait Oil Tanker Corp. (KOTC) would be run most efficiently under umbrella company KPC.

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