VOL. XXXV

NO. 34

25-MAY-1992

Kuwait

Kuwait Plans Privatization of Gasoline Retail Stations

The Kuwait Council of Ministersdecided at a meeting on 17 May to privatize the country's 77 gasoline stations,currently owned and managed by the Kuwait Petroleum Corporation's subsidiary,the Kuwait National Petroleum Company (KNPC). The Council requested the Ministerof Oil to draw up the necessary regulations for the transfer, which is to takeplace in six months' time, and to ensure the maintenance of both...