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.[3][4] The country has a long-term strategic goal to increase its production capacity to 4 million bpd by 2040.[5]
Kuwait nationalized its oil industry in 1975.[6] KOC holds the sole rights to explore, produce, and develop oil and gas resources within the state of Kuwait.[7] Kuwait's oil reserves are estimated to be around 101.5 billion barrels.[8]