Awarding Kuwait Petroleum Corporation property insurance contract to five companies

The Supreme Committee for Purchases of Tenders at the Kuwait Petroleum Corporation (KPC) and its subsidiaries has approved the recommendation to award the specialized practice for the all-risks property insurance policy covering KPC and its subsidiaries for the insurance years 2026–2029 to five approved companies.

The committee approved awarding the contract to a group of local and regional insurance companies under a consolidated policy aimed at covering the assets and properties of KPC and its subsidiaries.

This decision comes within the framework of strengthening insurance risk management in the Kuwaiti oil sector and ensuring the continuity of insurance coverage for the assets of KPC and its subsidiaries, in accordance with best practices.