VOL. XLVI

No 50

15-December-2003

KUWAIT

Three Companies To Operate Kuwaits Privatized Gas Stations

Three companies, each with a capital of KD60mn ($200mn), are being set up in Kuwait to own and operate the countrys 120 gas stations, which at present are in the hands of the Kuwait National Petroleum Company (KNPC), according to a Ministry of Trade and Industry official quoted by the Kuwaiti News Agency (KUNA) on 7 December. The state will retain a 20% share in the companies, with the remaining 80%...