Middle East Economic Survey


No 24



Dow Canada Gives More Details Of PIC Deal

Kuwait Petroleum Corporation (KPC) subsidiary Petroleum Industries Company (PIC) is to take a 50% stake in three petrochemical plants operated by Dow Chemical Canada, as part of the deal to form two new joint ventures, MEGlobal and Equipolymers, which was announced on 1 June (MEES, 7 June). Dow Canada said on 3 June that PIC would take shares in one ethylene glycol plant at Dows Fort...