Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

KUWAIT

Third Round Of Kuwait Gas Stations Privatization Set For 2006

The privatization of the third batch of gas stations in Kuwait operated by Kuwait National Petroleum Company (KNPC) is set for 2006, with the share subscription process following the pattern of the first two batches, KNPC Chairman Sami al-Rushaid said on 12 October. Of the total shares, 76% will be offered to the public, with Kuwait Petroleum Corporation (KPC) holding...