Middle East Economic Survey

VOL. XLVII

No 34

23-August-2004

KUWAIT

KOTC Has Seven Tankers On Order From Hyundai

Kuwait Oil Tanker Company (KOTC), the oil transportation subsidiary of Kuwait Petroleum Corporation (KPC), announced on 17 August that it had signed a contract with South Koreas Hyundai Heavy Industries for three oil tankers, in addition to four crude and products carriers ordered from the same firm earlier in the month. The earlier contract was valued at $360mn, the later one at $182mn....