Middle East Economic Survey
KOTC Privatization Under Study, Says Rumi
Plans to privatize Kuwait Oil Tanker Company (KOTC) are under study, and the whole privatization process is expected to take around three years, according to the companys Chairman and Managing Director 'Abd Allah al-Rumi, in an interview with al-Qabas published on 10 September. He added that the private sector would own 75% of KOTC, with Kuwait Petroleum Corporation (KPC) holding 24%. Mr...