VOL. XXXIV

NO. 26

1-APRIL-1991

Kuwait

Kuwait Wants to Remain Long-Term Shareholder in BP

A top BP official has made it clear that Kuwait has no intention of sellingits 9.85% shareholding in BP. BP's Deputy Chairman and Chief Operating Officer,Mr. David Simon, told the press in London on 27 March that at the company'slatest meeting with the Kuwait Investment Office (KIO) "they statedabsolutely clearly that they have no intention of disposing of the stake andthat they are happy to be long-term...