The Supreme Purchasing Committee of the Kuwait Petroleum Corporation (KPC) and its subsidiaries has approved the award of a comprehensive property insurance contract covering the corporation and its affiliated companies for the 2026–2029 insurance period.
The contract has been awarded to a consortium of five approved local and regional insurance companies under a unified all-risks property insurance policy designed to safeguard KPC’s extensive portfolio of assets and facilities.
The consolidated insurance program aims to provide continuous and comprehensive protection for the corporation’s strategic infrastructure and operational assets while strengthening enterprise-wide risk management across Kuwait’s oil sector.
The move reflects KPC’s ongoing commitment to adopting international best practices in insurance and risk mitigation, ensuring uninterrupted coverage for critical energy assets and reinforcing operational resilience throughout its subsidiaries.
