20/09/2026
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20/09/2026
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KUWAIT CITY, Sept 20: Kuwait National Petroleum Company (KNPC) achieved a significant leap in financial and operational performance during the 2025/2026 fiscal year, thereby proving the leadership and historic excellence of the local oil sector in production, exploration and refining. This success underscores the efficiency of the logistical operations of KNPC and the stability of its activities within the global energy market. The newspaper obtained documented data, indicating that the net profit of the company surpassed the one-billion-dinar mark during the fiscal year that ended March 31, 2026, due to its increased production efficiency and development of its oil refineries. Official data showed that the total value of petroleum product sales reached unprecedented levels, exceeding KD9 billion.
This achievement coincided with the company’s success in meeting domestic demand and expanding its share of international markets by exporting around 35 million tons of high-quality products to global markets. In a related development, a reliable source told the newspaper that the operational progress achieved by KNPC has had a remarkable impact on the historic performance of the strategic Clean Fuels Project at its refineries. The project maintained peak operational efficiency, increasing the overall refining capacity of the company, while producing clean and environmentally friendly petroleum products that meet the strictest international standards, including Euro 4 and Euro 5.
This opened promising global markets for Kuwaiti exports. The source pointed out that this environmental achievement coincided with the implementation of major logistical and development projects designed to enhance export flexibility and global marketing capabilities, as the company launched various initiatives to modernize its assets and ensure sustained operational excellence. The source said the strong and unprecedented performance indicators achieved by KNPC reflect its robust operational and financial performance.
This excellence highlights its vital role as the cornerstone of the national economy and a driver of sovereign revenue growth. It also underscores the oil sector’s contribution to sustainable development projects and reinforces the position of Kuwait as a strategic partner and a secure and reliable supplier of petroleum products in the global economic arena. The source added that recent official data confirmed the completion of the integration of Kuwait Integrated Petroleum Industries Company (KIPIC) into KNPC as a milestone for the local oil sector. The move goes beyond the traditional concept of a corporate merger, establishing a stronger and more integrated national entity capable of competing globally amid the rapid transformations reshaping the energy industry. The source disclosed that the achievements realized extend beyond consolidating assets and operational activities.
They include the creation of an integrated ecosystem that brings together oil refining, gas liquefaction, supply of petroleum products to the domestic market, liquefied gas bottling, and the provision of feedstock for the petrochemical industry. Moreover, the data revealed the scale of the new entity’s logistical capabilities, which include permanent facilities for importing liquefied natural gas (LNG), as well as six ports and facilities dedicated to the shipment and export of petroleum products. The entity also covers Kuwait Aviation Fuelling Company (KAFCO). These assets aim to enhance operational efficiency and increase the capacity to generate greater added value for the national economy.
By Najeh Bilal Al-Seyassah/Arab Times Staff
