VOL. XLI

No. 35

31-August-1998

KUWAIT

Major Restructuring In View For Kuwait Petroleum Corporation

MEES learns that the state-owned Kuwait Petroleum Corporation (KPC) is about toundergo a major restructuring process under the aegis of the Minister of Oil, Shaikh SaudNasir al-Sabah. The principal features of these impending changes, which industry sourcesconsider to be long overdue, are understood to be:

  • The Oil Minister has been given the green light by the country's Supreme Petroleum Council...