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Kuwait Oil Tanker Company S.A.K.
 

Company Type: Oil Tanker Operator

Kuwait Oil Tanker Company S.A.K. have 0 jobs posted.

Company Description:

Kuwait Oil Tanker Company S.A.K.KOTC was founded in April 1957, by a group of Kuwaiti pioneer investors, who had a vision of how important sea borne transportation would be for the development of oil industry and how essential it becomes to exploit and discover oil in Kuwait.In 1976, the government decided to become a partner to KOTC with a 49% share capital, thereby providing a strong and vital boost to its development.Three years later, in June 1979, in conformity with plans to bring all its oil operations, from the well to the ultimate consumer, under one corporation, the government acquired full  control of the Company’s capital. When Kuwait Petroleum Corporation (KPC) was established in January 1980, KOTC assumed responsibility for the transportation sector of KPC.         

Company Activities
The Company is mainly involved in the ownership and management of tankers engaged in the transport of crude oil, refined petroleum products and liquefied petroleum gas (LPG). In addition, it also operates a Marine Agency Branch, acting as sole agent of all tankers calling at Kuwait’s sea port and a Gas Branch for the filling and distribution of LPG cylinders for local industry and domestic consumption.As the transportation arm of KPC, it operates on a commercial basis, a modern balanced fleet of Very Large Crude Carriers (VLCC’S),   Petroleum Product Tankers and LPG Carriers, to maintain a strategic coverage of KPC’s oil exports to all corners of the globe. 

Website: http://www.kotc.com.kw

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