Middle East Economic Survey

VOL. XLVII

No 34

23-August-2004

KUWAIT

Full Insurance Compensation Received For Raudhatain Reconstruction

International reinsurance firms have completed compensation payments in full totaling $165mn to Kuwait Petroleum Corporation (KPC) to meet the cost of rebuilding the facilities destroyed at the Raudhatain oilfield in the north of the country by the explosion and fire in early 2002 (MEES, 4 and 11 February 2002), according to the daily al-Rai al-Am on 9 August. In...