Middle East Economic Survey

VOL. XLVII

No 23

07-June-2004

KUWAIT

Dow And PIC Announce Formation Of Two Joint Ventures

The Dow Chemical Company and Petrochemical Industries Company (PIC), a wholly-owned subsidiary of Kuwait Petroleum Corporation (KPC), on 1 June announced the formation of two new joint ventures. Subject to regulatory review and customary approvals, Dow and PIC will form:

  • MEGlobal, a 50/50 global joint venture for the manufacture and marketing of merchant monoethylene glycol and...