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...