Middle East Economic Survey

VOL. XLVII

No 29

19-July-2004

KUWAIT

KOTC To Acquire Nine New Vessels

The Kuwait Oil Tanker Company (KOTC) the oil transportation subsidiary of the state-owned Kuwait Petroleum Corporation (KPC) is to acquire nine new vessels at a total cost of $600mn, the companys chairman, Abd Allah al-Roumi said in an interview with the dailyal-Qabas published on 25 May. The new order will comprise two VLCCs, two LPG tankers, three petroleum product carriers, and two ship fuel...