TURKEY

Preliminary Agreement Reached for Arab-Turkish Fertilizer Project 

Following a recent visit to Turkey, the Chairman and Managing Director of the Kuwait Petrochemical Industries Company (PIC), Mr. 'Abd al-Baqi Nuri, stated that a preliminary agreement has been reached between an Arab group and Turkey for setting up a joint venture chemical fertilizer project at Mersin in Turkey. According to Mr. Nuri, the $238mn project will be owned 60% by an Arab group comprising PIC...