KUWAIT
Agreement Setting up Kuwait-Tunisian-Chinese Petrochemical Venture Is Signed
The Chairman and Managing Director of the Kuwait Petrochemical Industries Company (PIC), Mr. 'Abd al-Baqi Nuri, signed in China last week the final agreement setting up a Kuwaiti-Tunisian-Chinese petrochemical venture capitalized at $50mn. Under the agreement, Kuwait and Tunisia will each hold a 30% equity interest in the company and China the remaining 40%.
The joint venturers which is planning...
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