Q8 Aviation Imports 1.6m Tons of Jet Fuel by 2013

Source: KUNA 12/5/2012, Location: Middle East

Kuwait Petroleum International (Q8 Aviation) has concluded a contract with Kuwait Petroleum Corp. (KPC) where Q8Aviation would import about 1.6 million tons of aviation jet fuel by the start of 2013, it was learned here today. The amount specified in the contract is 25pct more than what has been imported during 2012, said Fadel al-Faraj, General Manager of Q8Aviation, in remarks to KUNA.

He said this step reflected the company's goals in meeting the increasing demand for aviation jet fuel and is a good indication on the cooperation between Q8Aviation and KPC. He added that his company's outlook from now until 2030 was to continue supplying the strong European demand for Kuwaiti aviation fuel, noting that Kuwaiti aviation fuel was supplying 13 airports in the UK, for instance.

He said that the afore-mentioned contract signed by Q8Aviation and KPC would bolster the clients' confidence in Q8Aviation's ability to deliver aviation fuel seamlessly and on time. Kuwait Petroleum International, known by the trademark Q8, refines and markets fuel, lubricants and other petroleum derivatives outside Kuwait. Its main activities are focused on Europe and the Far East.

Established in 1983, Kuwait Petroleum International is the international subsidiary of Kuwait Petroleum Corporation, which brings together all the state owned elements of the Kuwait oil sector under one corporate umbrella and is recognised as one of the world's top ten energy conglomerates.

Its business encompasses the marketing and sales, research and refining of petroleum products. Q8 markets fuel via over 4,000 service stations across Europe and operates a direct sales operation, providing road fuel and heating oil. Its International Diesel Service is dedicated to the needs of international road transport companies; Q8Aviation provides jet fuel at more than 60 airports internationally.


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