Kuwait Petroleum International refining and oil products summary
Kuwait Petroleum International’s (KPI) position in the European downstream market is driven by its aim to secure a long-term outlet for Kuwaiti crude oil and refined oil products. After the divestment of its Rotterdam refinery to Gunvor in early 2016, Italy is now its sole integrated refining and marketing position in Europe. Its Italian business expanded following the acquisition of Shell's Italian downstream assets in 2014. Aside from its refining and retail assets, Europe remains a key market for Kuwaiti jet fuel with the UK alone importing over 1 million tonnes a year.