Kuwait Oil Minister’s Strategic Shake Up: What’s Next?
Kuwait’s Oil Minister Hani Husain has used the crisis in state-owned Kuwait Petroleum Corporation (KPC) – triggered by a court ruling for it to pay $2.2bn in compensation to Dow Chemical over a cancelled petrochemicals joint venture – to radically change its management.
Last week a new board of directors was chosen, and Mr Husain appointed a new CEO, and separated the positions of...