Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

KUWAIT

KPC Forms Joint Stock Oil Services Company

Kuwait Petroleum Corporation (KPC) has formed a joint stock oil services company, capitalized at KD75mn ($257mm), according to a report in the official gazette, Kuwait al-Yawm, quoted in the media on 8 September. The capital will be distributed in the form of 75mn shares valued at KD1 each. KPC has subscribed to 20% of the total shares (KD15mn). Among the listed aims of the new company...