VOL. XXXI

NO. 18

8-FEBRUARY-1988

Financial and Banking News

INVESTMENT ACTIVITIES

Oil Minister Disavows KPC Interest in KIO's BP Stake

The Kuwaiti Petroleum Corporation (KPC) is not involved in the recentpurchase by the Kuwait Investment Office (KIO) of a stake in British Petroleum,according to its Chairman, Kuwaiti Oil Minister 'Ali Khalifah al-Sabah. Speakingin New York on 2 February, Shaikh 'Ali responded to a question as to hisintentions towards BP by saying "I read about the (KIO) decision in...