VOL. XLIII
No. 06
7-February-2000
KUWAIT
KPC Confirms Withdrawal From Indias Orissa Refinery Project
The Kuwait Petroleum Corporation (KPC) has confirmed its withdrawal from a joint-venture oil refinery project at Paradip in Orissa, on Indias eastern coast. KPC and the state-owned India Oil Corporation (IOC) agreed on the venture known as the Eastern India Refinery Project (EIRP) in 1995, and the deal was approved by an Indian cabinet committee in July 1998 after lengthy deliberations. Even at...
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