Kuwait Petroleum Aims to Bolster Fleet and Supply Chains

The Kuwait Petroleum Corporation plans to strengthen its maritime fleet by acquiring new tankers and improving supply chains, aiming to secure crude oil and petroleum product supplies, especially amid the military tensions between the United States and Iran. The official at the corporation explained that maritime transport services have become highly in demand and profitable, providing a strategic advantage over competitors through control of the fleet and self-managed operations. The corporation is also considering alternatives, including extending pipeline networks across neighboring countries and establishing additional storage facilities to ensure the continuity of supplies.