Middle East Economic Survey

VOL. XLIX

No 13

27-March-2006

KUWAIT

Second Kuwaiti Private Fuel Marketing Company Formed

The first general assembly meeting of the newly-formed al-Sur Fuel Marketing Company the second firm to be formed as part of a program to privatize fuel distribution in Kuwait was held on 20 March. The firm is capitalized at KD30mn ($103mn), with Kuwait Petroleum Corporation (KPC) holding 24% of the shares as is the case with the First Company for Local Fuel Marketing, the board...