VOL. XLIV

No. 19

7-May-2001

KUWAIT

Kuwait Plans To Take 12% Share InCroatia Pipeline Company As Debt Compensation

Kuwait and Croatia have agreed inprinciple that the former should acquire a 12% stake in Jadranski Naftovod(Janaf), the company that operates the 480,000 b/d Adriatic (Adria) oilpipeline connecting the Omisalji terminal on Krk island in the Adriatic withcentral Europe. The acquisition of the share would be by way of compensationfor a $12mn debt owed to Kuwait by Croatia for economic...