VOL. XLI

No. 27

6-July-1998

KUWAIT/SAUDI ARABIA

Kuwait Petroleum And Sweden's OKF Plan Joint Venture For Oil ProductsMarketing

Kuwait Petroleum Svenska (KPS), the wholly-owned subsidiary of theKuwait Petroleum Corporation (KPC), and Sweden's OK Petroleum (OKF), which is owned by theSaudi private firm Corral Petroleum Holdings AB, announced on 26 June that they haveagreed in principle to set up a joint-venture firm for the retail marketing of oilproducts in Sweden. The new firm - to be owned 50%...