VOL. XLVI

No 10

10-March-2003

OPEC

KPC Temporarily Suspends Talks On Purchase Of Stake In PNOC

Kuwait Petroleum Corporation (KPC) has temporarily suspended talks with the Pakistan National Oil Company (PNOC) on acquiring a stake in the state-run firm because of the current crisis over Iraq, the Kuwaiti daily al-Rai al-'Am said on 5 March. But the paper quoted a KPC official as saying that the company was still serious about buying into PNOC, adding that an offer of KD400mn ($1.3bn) had been put on...