VOL. XLVII

No 10

08-March-2004

KUWAIT

SPC Reported Recommending Privatization Of KPC Subsidiaries

Kuwaits Supreme Petroleum Council (SPC) has recommended that Kuwait Petroleum Corporation (KPC) should begin a process that would see part or all of its stakes in three subsidiary firms sold to the private sector, according to a report in the daily al-Anba on 3 March. The paper published what it said was a letter sent by the SPC to KPC suggesting that the privatization program should target Kuwait...