In 1934, the Emir of Kuwait granted an oil concession to the Kuwait Oil Co.
(KOC), jointly owned by the Anglo-Persian Oil Company (later British Petroleum Company) and Gulf Oil Corporation In 1976, the Kuwaiti Government nationalized KOC.
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The Kuwaiti dinar is the highest valued currency in the world.
In 1613, the town of Kuwait was founded in modern-day Kuwait City.
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