VOL XXVIII

NO.26

8-APRIL-1985

KUWAIT

PIC and KPPC Sign Letters of Intent with C.F. Braun for Petrochemical Plants

The Kuwait Petrochemical Industries Company (PIC), and the Kuwait Petrochemicals Products Company (KPPC) have signed letters of intent with C.F. Braun (a sub- sidiary of Santa Fe which is wholly owned by the Kuwait Petroleum Corporation) for the construction at the Shuaiba Industrial Area of a 60,000 ton/year polypropylene plant for PIC costing $88mn and a 32,000 ton/year polystyrene...