Middle East Economic Survey

VOL. XLVII

No 28

12-July-2004

KUWAIT

EC Approves PIC/Dow Olefins II Joint Venture

The European Commission (EC) has approved, under the Merger Regulation, the creation of two joint ventures between Kuwait Petrochemical Industries Corporation (PIC) and Dow Chemical Company of the US. The two firms are to construct a new ethylene and derivatives complex in Shu'aiba, to be known as Olefins II, and build an ethylbenzene/styrene unit (MEES, 12 May 2003). An EC statement on 29...