VOL. XLIV

No 30

23-July-2001

KUWAIT
KPC Approves Construction Of Two Major Petrochemical Plants

Kuwait痴 Petrochemical IndustriesCompany (PIC) received approval on 18 July from its parent company, KuwaitPetroleum Company (KPC), for the construction of two grassroots petrochemicalunits, a $2bn olefins plant and a $1.4bn aromatics plant. The olefins projectwill be undertaken in partnership with an international petrochemical company,while the Kuwaiti private sector will have the opportunity to...