VOL. XLVI

No 9

3-March-2003

KUWAIT

Equate Petrochemical Company Reports $107Mn Profit In 2001-02

Equate Petrochemical Company, which is owned 45% each by Kuwaits Petrochemicals Industries Company (PIC) and Union Carbide Corporation of the US and 10% by the privately-owned Bubiyan Petrochemicals Company, has announced a net profit of $107mn for the year ending 31 March 2002. The company will also distribute dividends to shareholders after making the necessary transfers to reserves. Equate realized...