KPC Chief Replaced
State-owned Kuwait Petroleum Corporation (KPC) on 16 May appointed a new chief, Nizar Al-Adasani, and suspended unidentified “leading officials” at its subsidiary Petrochemical Industries Company (PIC) following a $2.19bn compensation payment to Dow Chemical Company, which triggered intense political pressure on a wobbly government. Mr al-Adasani was head of KPC’s overseas upstream investment arm, KUFPEC (see p15). He...
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