Kuwait Petroleum Corporation

Kuwait Petroleum Corporation (KPC) is the national oil company of Kuwait, responsible for the country's oil and gas exploration, production, refining, marketing, and transportation. KPC is newsworthy due to recent Iranian attacks on oil tankers, including a fully loaded Kuwaiti tanker in Dubai, causing fire and potential oil spill. These attacks, part of escalating tensions amid a US-Israeli war on Iran and the closure of the Strait of Hormuz, have disrupted maritime traffic and threaten Middle East energy facilities. KPC's operations are significantly affected by the Strait of Hormuz closure, a critical chokepoint for oil exports. The attacks and regional instability highlight KPC's vulnerability and the broader geopolitical risks to global energy supplies.