VOL. XLII

No. 36

6-September-1999

KUWAIT

India痴 Orissa Refinery To Proceed Without KPC Participation

The state-owned India Oil Corp. (IOC) will proceed with theconstruction of an oil refinery in Orissa without the participation of theKuwait Petroleum Corp. (KPC), according to IOC officials. The project wasoriginally conceived as a joint venture between IOC and KPC in the mid-1990sand on that basis was given approval to proceed by an Indian Cabinet Committeeafter lengthy deliberations. But...