KUNA: KPC Subsidiary with First Batch of Ultra-Low Sulfur Cargo Arrives in Italy – General
ROME, Sept. 1 (KUNA) — Kuwait Petroleum International (KPI), a subsidiary of Kuwait Petroleum Corporation (KPC), announced Thursday that its first batch of ultra-low sulfur cargo has arrived at the Naples depot in Italy.
A statement from KPI, which was received by KUNA, said: “Kuwait Petroleum International (KPI) has received the first shipment of 10 ppm S Ultra Low Sulfur Diesel through its affiliate, KP Italia, in Naples, Italy.” Representatives from KP Italia and KPC International Marketing were in Naples to receive the vessel today.
The cargo was produced through the Kuwait National Petroleum Company’s Clean Fuel Project, a major upgrade of Kuwait’s refineries that was recently commissioned to reduce the sulfur content of petroleum products and increase refining capacity.
Kuwait’s Mina Abdullah Refinery produced the ULSD to Euro 6 diesel specifications and the Kuwait Oil Tanker Company’s LR1 vessel, Al-Soor II, delivered the cargo to a depot in the Port of Naples, operated by KPI.
The agreement, facilitated by KPC’s international marketing leadership, demonstrates KPC’s strategic focus on producing and marketing cleaner fuels to the highest quality and environmental standards required by global markets.
This demonstrates the success of its roadmap towards synergy-driven integration and demonstrates the success of KPC’s strategic goal of increasing integration through supply chain optimization and improved efficiency within its subsidiaries.
At the local level, KPI’s recent investments in its logistics hub in Naples have allowed it to accommodate larger vessels of products from regions beyond the Mediterranean, which shows the positive role that KPI’s subsidiary in Italy is playing. in maintaining the diversification of supply for the Mediterranean basin, particularly during this period of limited product availability.
KPI’s Acting President and CEO, Waleed Al Ben Ali, said “Kuwait Petroleum’s footprint in European markets has been strong for forty years because we have consistently provided our customers with energy that meets their need for a diverse range of cleaner products.
“We look forward to further integration with our parent company, KPC, and our sister companies in Kuwait, so that we can further integrate our supply chain and grow our global business,” Ben Ali added.
For his part, the Managing Director of KP Italia, Fadel Al-Faraj, commented on this achievement saying: “I am very proud that we have reached this agreement with our parent company because it confirms the importance of the European market for KPC and shows that KPI, through its team in Italy, is a stable, reliable and trusted partner that is ready and able to meet all customer needs.” “Our goal is to provide a stable supply chain to meet the various mobility needs and we will continue to do so with the help of our parent company and sister companies in Kuwait,” he said.
Kuwait Petroleum International is the international downstream subsidiary of Kuwait Petroleum Corporation.
Founded in 1983, KPI operates over 4,700 service stations across Europe under its brands, Q8, Q8Easy and Tango, and supplies over 70 airlines with jet fuel at major airport hubs.
It also operates two state-of-the-art lubricant blending plants in Belgium and Italy under the Q8Oils brand and owns shares in three joint venture refineries in Italy, Vietnam and Oman. (end) mn.mb