KUWAIT

KOTC Plans to Acquire Six New Product Tankers

Mr. 'Abd al-Fattah al-Badr, the Chairman of the Board of Directors of the Kuwait Oil Tanker Company (KOTC) - a wholly-owned subsidiary of the Kuwait Petroleum Corporation (KPC) - has stated that the company has approved in principle the acquisition of six new product tankers to meet the anticipated increase in demand for the export of Kuwait's oil products following the completion of work on the expansion projects of the Mina...