VOL. XXX

NO. 22

9-MARCH-1987

KUWAIT

KPC Reaches Agreement for the Purchase of Ultramar's UK MarketingOperations

The Kuwait Petroleum Corporation (KPC) and Ultramar Plc announced on 3March that they have reached agreement in principle whereby KPC will acquire theGolden Eagle Petoleum Company the holding company for Ultramar's Golden Eagle'sUK marketing operations. The agreement is subject to the approval of the KPC'sBoard of Directors and the exchange of formal contracts, which is expected totake...