United Oil Projects Company
Symbol United Oil Projects OTC Code 372 Type of Trade HYBRID
Date of last trade/ date of last hybrid deal:   23 June 2025
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Company Name United Oil Projects Company
Sector Industrial
Sub-sector Oil & Gas
Legal form Closed Kuwaiti Shareholding Company
Company establishment date 12 August 1979
Company purpose
United Oil & Gas Projects Company focuses on establishing petrochemical industrial projects using locally or regionally available materials. It aims to manufacture and supply chemicals for the production of fiberglass, dyes, and other petrochemical industries for public use.
  • Key activities and capabilities include:
    1. Establishing projects for the manufacture of dyes and fiberglass, subject to the approval of the Public Authority for Industry.
    2. Importing and exporting necessary raw materials for the mentioned projects, as well as complementary materials for the production of dyes and fiberglass, subject to the approval of the Public Authority for Industry.
    3. Producing various types of plastics, including polyvinyl acetate emulsions, vinyl ester plastics, polyurethane plastics, acrylic and epoxy plastics, and amelchin plastics, subject to the approval of the Public Authority for Industry.
    4. Utilizing financial surpluses by investing locally or internationally in financial and real estate portfolios managed by specialized companies and entities.
    5. Seeking partnerships or interests with companies that operate in similar areas or that can support the achievement of its objectives, both in Kuwait and internationally. The company may also acquire or merge with such companies.
    6. Engaging in industrial projects related to petrochemicals, oil, and natural gas, subject to the approval of relevant authorities such as the Ministry of Oil and the Public Authority for Industry. This may involve individual participation or partnerships with other organizations.
    7. Providing support services for oil well drilling, exploration, repair, and maintenance, as well as representing competent foreign companies in the oil industry, subject to the approval of the Ministry of Oil.
    8. Conducting maintenance work and delivering various public services in the oil sector, subject to the approval of the Ministry of Oil.
    9. Selling, purchasing, supplying, distributing, exporting, and storing chemicals and petrochemicals used in the oil and gas sector. This may include activities related to establishment and leasing of necessary services, subject to the approval of the Ministry of Interior.
    10. Participating in industrial companies by financing shares, managing them, and engaging in trading activities.
    11. Offering technical, economic, and advisory services related to industrial investments.

    United Oil & Gas Projects Company operates within and outside Kuwait, either directly or through proxies, while complying with all necessary approvals from relevant authorities.
Company profile

United Oil & Gas Projects Company, a subsidiary of Qurain Petrochemical Industries Company, is primarily involved in investment activities in the energy sector, with a focus on oil, gas, and petrochemical projects. The company also engages in strategic partnerships and alliances with international companies and institutions specializing in these sectors. Additionally, United Petroleum Projects Company is involved in the production of polymers used in the manufacturing of dyes and reinforced glass.

The company is committed to quality management and environmental responsibility, holding internationally recognized certificates such as ISO 9001:2015 for management systems and ISO 14001:2015 for environmental management systems.

Company capital:
In terms of capital, the previous capital of United Oil & Gas Projects was KD 10,000,000. As per the annual financial report for the fiscal year ending on December 31, 2022, the authorized, issued, and fully paid-up capital remains at KD 10,000,000. This capital is distributed over 100,000,000 shares, each with a nominal value of 100 fils per share. All shares have been fully paid for in cash.
Shareholding records Kuwait Clearing Company (KCC)
Auditor
Date of joining the OTC Platform 18 November 2018
Type of deal HYBRID
Sharia'a compliant No
Source of Data Various credible sources
Last Updated On 21 August 2025
Location

Plot 4, Street 7, Block 47, West Shuaiba Industrial Area, Mina Abdullah Industrial Area - Kuwait

Tel

23263297

Fax

23260179

Email Address

info@uopkt.com

Website

www.uopkt.com

Disclaimer

If a company wishes to remove the available information from this website, the management of the company can do so through the provided link and by contacting Almowazi telephonically on the numbers provided on its website.

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