Kuwait Petroleum Corporation (Arabic: مؤسسة البترول الكويتية‎‎) is Kuwait's national oil company, headquartered in Kuwait City. The activities of Kuwait Petroleum Corporation (KPC) are focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC produces about 7% of the world's total crude oil. KPC plans are to achieve crude oil production capacities in Kuwait of 3.5 million barrels per day by 2015 and 4.0 million barrels per day by 2020. Its revenue was $251.9 billion in 2014. In May 2013 Nizar Mohammad Al Asani was appointed CEO of the corporation, replacing Farouk Zanki in the post.