VOL. XXXI

NO. 27

11-APRIL-1988

KUWAIT-BAHRAIN

KPC's Subsidiary Purchases AISCO's Fixed Assets

A new subsidiary company of the Kuwait Petroleum Corporation (KPC), set upwith headquarters in Bahrain and called the Gulf Industrial Investment Company(GIIC), has purchased the fixed assets of the Bahrain-based joint-venturefirm, the Arab Iron and Steel Company (AISCO). AISCO owns a $300mn ironpelletizing plant that has been shut down since May 1985 (MEES, 13 May 1985)owing to the marketing difficulties...