VOL. XLII

No. 31

2-August-1999

KUWAIT

KPC Decides To Sell Gulfhavn Refinery On Piecemeal Basis

Kuwait Petroleum Corp. (KPC) will sell off units of itsdisused Gulfhavn refinery piecemeal, according to Henry Butcher InternationalLtd., an assets sales consultancy appointed by KPC in December 1997. Ratherthan try to sell the 59,000 b/d refinery as a whole, the facility will bebroken into units and sold to different parties. Negotiations are taking placeon a private and confidential basis, a spokesman...