Middle East Economic Survey
Gulf Oil Tankers Company Planned
Kuwaits Trade Minister and Kuwait Petroleum Corporation (KPC) have approved in principle the setting up of an oil tankers company in which all GCC states will have shares, according to a report in the daily al-Qabas of 30 November. The new firm, capitalized at KD100mn ($342mn), will be called Gulf Tankers Company. Among the firms invited to join it are: Gulf Investment Company (GIC); Kuwait Oil...