Qurain Petrochemical Industries Co.

HQ address

P.O Box 29299,
KIPCO Tower, 26th Floor,
Khaled Bin Al-Waleed St.
Safat 13153,
Tel: +965 22 943232

Key contact names

Fuad Akbar, Chief Projects Officer

Brief company profile

QPIC was established in 2004 through an initial public offering to the Kuwaiti public. QPIC is a partner in Kuwait’s strategic petrochemical projects such as:
EQUATE Petrochemical and the Kuwait Olefins Co: a partnership between PIC, Dow Chemical, Boubyan Petrochemical and QPIC that owns two worldscale crackers and produces polyethylene (PE) and monoethylene glycol (MEG).

Kuwait Aromatics Company: a partnership with PIC and KNPC that fully owns the Kuwait Paraxylene Production Company, producing paraxylene and benzene, and owns 57.5% of Kuwait Styrene Company, which is a partnership with Dow Chemical.

On other investments, QPIC is a major shareholder in the following companies: Sadafco: a Saudi dairy product company listed on Tadawul;
Napesco: a Kuwait oil services company listed on KSE;
United Oil Projects: a Kuwaiti chemical manufacturing company, and a holding company for many oil and gas investments.

Key services provided

QPIC is an investment company with a focus on industry-related sectors in the Middle East/North Africa

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