VOL. XLIII

No. 29

17-July-2000

KUWAIT

KPC Decides To Postpone Equates Shu'aiba Aromatics Project

The Kuwait Petroleum Corporation (KPC) has decided to postpone plans for Equate Petrochemical Company to develop an aromatics project at Shu'aiba. KPCs subsidiary Petrochemical Industries Company (PIC) holds a 45% stake in Equate along with Union Carbide of the US (45%) and the privately-owned Boubyan Petrochemicals Company (10%). Equate started production of specification ethylene in November 1997 (...