VOL. XLI

No. 27

6-July-1998

KUWAIT

Indian Cabinet Committee Approves Construction of Kuwait-IOC Orissa Refinery Project

The Indian Cabinet Committee on Economic Affairs on 2 July approved the joint-ventureproject between the Indian Oil Corporation (IOC) and the Kuwait Petroleum Corporation(KPC) for the construction of a grassroots refinery in the eastern Indian state of Orissa.The much-delayed project was recently speeded up following the imposition of sanctions bythe US in June, in the wake of...