VOL. XLVI

No 42

20-October-2003

KUWAIT

Shareholding Pattern Agreed For Olefins II Project

Kuwaits Petrochemical Industries Company (PIC), a wholly-owned subsidiary of Kuwait Petroleum Corporation, and Dow Chemical Company of the US are the two major shareholders in the new Olefins II project, each with 42.5%, Kuwaiti press reports said on 13 October. The privately-owned Boubyan Petrochemicals Company will own 9-10%, with the remaining 5-6% going to a group of Kuwaiti private investors. The new...