Kuwait Oil Company Limited

Kuwait Oil Company Limited (KOC) was incorporated in the United Kingdom in February 1934, 50 per cent owned by BP (then called Anglo-Persian Oil Company Limited) and 50 per cent by Gulf Oil Corporation of Pennsylvania (taken over by Standard Oil Company of California in 1984 which subsequently renamed itself Chevron).

In December 1934 the Company acquired a concession in Kuwait. The first discovery of oil in Kuwait in commercial quantities was by the KOC in 1938 and production commenced after the Second World War. The first export of crude oil took place in 1946. The Company always remained a purely production and refining company with the products being sold through the parent companies. The parent companies owned the concession and the Company operated it for them.

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