Kuwait Needs More Fuel Stations

Source: KUNA 12/28/2010, Location: Middle East

A leading figure of the fuel sector has called for building new fuel stations for the current number of the stations is insufficent with regard of population growth.

Kuwait needs more stations and the 120 currently operating ones are not enough to meet the needs of the growing population, said the Deputy Chairman and Managing Director of Al Soor Fuel Marketing Company, Ahmad Taqi. Recently conducted studies show the country needs 300 stations, he said, indicating that long qeues at the fuel stations indicate the need for more ones, he said in remarks to KUNA.

Wide-scale construction and the substantial rise of the number of the residents of the country have not been coupled with increasing the number of the gas stations, he said, indicating that only eight stations were built over the past six years.

Soor owns 33.3 percent share of the fuel stations' market, 40 stations, compared to 40 owned by the Kuwait National Petroleum Company and 40 by Oula Fuel Marketing Co.

Elaborating, Taqi said the company posted "the highest profits on record in 2010," and announced that it would build three new stations in Al-Ogaila, Al-Salmi and Al-Messila.Fourty stations are currently being upgrated. Speaking further about the earnings, he said they amounted, in the first quarters of the current fiscal year, to KD three million.

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