Middle East Economic Survey

VOL. LII

No 42

19-Oct-2009

KUWAIT

PIC Planning To Quit Fertilizers Business

Petrochemicals Industries Company (PIC), a division of Kuwait Petroleum Corporation (KPC), plans to sell or shut down its fertilizers business as it expands into petrochemical, according to Yusuf al-Atiqi, PIC Deputy Managing Director Olefins. Mr Atiqi told Reuters on 12 October that the company plans to pursue growth inside and outside of Kuwait by building or acquiring leading petrochemicals...