United Oil Projects (UOP) was established in 1979, focusing first on the production and marketing of raw materials for the manufacture of alkyd plastics. This is the plastic used by the chemical industry when manufacturing paint and reinforced fiberglass.

Following a temporarily halt to business in 1990 due to the Iraqi invasion, UOP built new state-of-the-art facilities in 1997 and began operating once again in early 2001.

A major restructuring was completed in mid-2005 during which the authorized and paid-up capital was raised to KD 10 million. The objective was to respond to increasing global demand for oil by investing company capital in promising investment opportunities in Kuwait and throughout the region.