VOL. XLV

No 40

7-October-2002

KUWAIT

KPC Sells Off Danish Oil Terminal

Denmark痴 Energi E2 announced on 29 September that it had signed anagreement with the local subsidiary of Kuwait Petroleum Corporation (KPC) forthe purchase of the Gulhavn oil terminal at Stigsnaes. The deal includes a port with considerable tankcapacity and industrial property covering 100 hectares. EnergiE2 will use the terminal for its oil transshipments activities. KPC originallyoperated a 59,000 b/d refinery at Stigsnaes,...