Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

KUWAIT

SPC Allows Greater Independence For KPC And Subsidiaries

Kuwaits Supreme Petroleum Council (SPC), during a meeting on 5 September under its chairman, Prime Minister Shaikh Sabah al-Ahmad al-Sabah, approved recommendations that Kuwait Petroleum Corporation (KPC) and its subsidiaries should be accorded greater independence. The changes are in line with suggested amendments to the companies financial regulations as part of a new...