Kuwait National Petroleum Company (KNPC) intends to boost its annual profits by increasing the number of car fuel stations to augment its sales of gasoline in the local market to reach about six million liters by 2027.
Sources said the company offers various types of gasoline in the local market; indicating the company sold 4,860,000 liters last year.
The largest share was for Premium 91 gasoline, which achieved the highest percentage in sales -- more than three million liters, while Special 95 gasoline reached more than 1.8 million liters and a small percentage of Ultra 98 -- more than 33,000 liters, sources added.
Sources confirmed that Chief Executive Officer (CEO) of KNPC Wadha Al-Khatib is closely following up the file of increasing the number of fuel stations in light of the population increase witnessed by the country, in addition to the rising number of residential areas.
Sources said the company is currently coordinating with the Kuwait Municipality, Public Authority for Roads and Transportation (PART), Ministry of Electricity and Water, and Public Authority for Housing Welfare (PAHW) to allocate sites where more fuel stations will be established to obtain approvals.
Sources explained that the total number of fuel stations has reached 79; including six mobile stations; indicating that KNPC plans to establish 20 fuel stations by 2027, to reach 100 fuel stations by 2040.
Full story Kuwait's KNPC plans 20 new fuel stations
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