VOL. XLVII

No 03

19-January-2004

KUWAIT

KPC Signs MOU With Petroplus On Netherlands Gas Stations Purchase

Dutch oil refiner Petroplus announced on 9 January that it had signed a memorandum of understanding (MOU) with Kuwait Petroleum Nederland, a subsidiary of Kuwait Petroleum Corporation (KPC), regarding the sale of its self-service gas stations, which operate under the Tango brand name. Petroplus operates 62 stations in the Netherlands, three in Belgium with a fourth under construction there...