Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

KUWAIT

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...