Kuwaiti oil acquires 67 new factories in Spain

The Kuwait Petroleum Corporation (KPC), a wholly-owned subsidiary of the Kuwait Petroleum Corporation (KPC), has acquired 67 retail terminals from Saras Energy, a Spanish company with extensive operations in Spain, including the Northeastern Province. of Catalonia.

In a statement, the company said that the acquisition of the new Spanish terminal network was aimed at strengthening the competitive position of the sector, especially in the areas of direct sales, international diesel service and to increase the share of market of the company.

The new stations will provide both conventional and premium fuels and alternative fuels, as well as electric vehicle shipping services, while providing excellent food and beverage services in cooperation with the biggest brands in the sector.

Sheikh Nawaf Al-Sabah, Chief Executive Officer of Kuwait, said the new acquisition would move the company's 10 stations to 77 stations in Spain, adding that Spain was a growth center under the strategy of the company in Europe. Strengthen its position in Europe and develop its retail business abroad in accordance with a well-planned strategic plan.

He added that this step was aimed at boosting the growth of the Kuwait International Petroleum Company (KPI), which has more than 4,700 Q-It-branded stations in Europe, and that the company hopes to strengthen its position, particularly in developing countries. where she is a powerful center like Italy, and the countries of North-West Europe.