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...
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