VOL. XXXIII

NO. 25

26-MARCH-1990

Kuwait

KPC Acquires Mobil Refinery and Sales Network in Italy

The Kuwait Petroleum Corporation (KPC) has made a significant addition toits downstream presence in Europe with the acquisition of Mobil Oil's refiningand marketing facilities in Italy. Agreement to this effect was announced on20 March, and the sale is expected to be completed by the end of May.

Under the agreement, a KPC affiliate will acquire the shares of Mobil OilItaliana, which owns a 100,000 b/d...