Kuwait Oil Company
| Company type | Subsidiary |
|---|---|
| Industry | Oil and gas industry |
| Founded | December 23, 1934 |
| Founder | Anglo-Persian Oil Company Gulf Oil |
| Headquarters | , |
Area served | Global |
Key people | Ahmad Jaber Al-Eidan (CEO) |
| Products | Petroleum Natural gas |
| KWD 233.7 million (FY 2024/25) US$ 761 million | |
| Owner | Government of Kuwait |
| Parent | Kuwait Petroleum Corporation |
| Website | www |
Kuwait Oil Company (KOC) is an oil company headquartered in Al Ahmadi, Kuwait. It is a subsidiary of the Kuwait Petroleum Corporation (KPC), a government-owned holding company.
As of 2024, Kuwait's oil production is approximately 2.4 million barrels per day (bpd), largely in line with its OPEC+ quota, while its sustainable production capacity is estimated at 2.9 million bpd. The country has a long-term strategic goal to increase its production capacity to 4 million bpd by 2040.
Kuwait nationalized its oil industry in 1975. KOC holds the sole rights to explore, produce, and develop oil and gas resources within the state of Kuwait. Kuwait's oil reserves are estimated to be around 101.5 billion barrels.