Kuwait Oil Tanker Co. S.A.K. - Kuwait

Kuwait Oil Tanker Co. S.A.K.

Kuwait Oil Tanker Co. 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.

 

As Oil becomes the major source of energy and the world demands increased substantially, its transport in crude, refined and liquefied product forms did indeed develop into an important part of the marketing activity. Thus 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.

Our mission KOTC provides effective, economical and efficient marine transportation to support marketing of Kuwaiti hydrocarbons, while seeking to maximise earnings by having a proportion of its vessels employed in the open market. Effective means encompassing superior operational performance, economical means adding shareholder value and efficient means ensuring the highest HSE standards. KOTC has an important role to play in supporting and developing the Kuwaiti economy, developing national manpower, maintaining commercial and technical expertise and proactively managing the environmental, health and safety aspects related to transportation. Our vision To become an effective and efficient provider of marine transportation, offering services of the highest quality to KPC and the international markets Our responsibilities Committed to KPC’s mission, vision and values, to positively interact with change and accept it as a challenge to innovate and improve performance.

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