The Kuwait Oil Company (KOC) was founded in 1934 and operates as a subsidiary of Kuwait Petroleum Corporation. KOC engages in the exploration, drilling, production, and export of oil and gas in Kuwait. The company’s activities include crude and natural gas exploration; drilling operations; on-shore and off-shore surveys; export and marine services, including marine operations, marine services, export operation, export maintenance, and export technical services, as well as health, safety, and environment; and operate gas, condensate, crude oil fuel, HFO, and gas oil pipeline networks. It also offers storage services for crude oil; and delivery services to tankers for export.