Middle East Economic Survey
VOL. XLVII
No 24
14-June-2004
KUWAIT
Kuwaits Cabinet Approves Draft Law For Firm To Operate Privatized Gas Stations
Kuwaits cabinet on 6 June approved a draft law to set up a public shareholding company called the First Company for Local Fuel Marketing. After a gradual privatization scheme is completed, Kuwait Petroleum Corporation (KPC) will hold 24% of the shares, while the remaining 76% will be sold to the public. In the first phase of the privatization scheme, 40 out...
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