VOL. XLI

No. 42

19-October-1998

KUWAIT

Kuwait Shelves Plans To Privatize Gasoline Stations

The Kuwait Petroleum Corporation (KPC) has decided to shelve its plansto privatize the countrys retail gasoline stations which are currently managed andoperated by its wholly-owned subsidiary, the Kuwait National Petroleum Company (KNPC).Speaking at a seminar in Kuwait on 13 October, the Minister of Oil Shaikh Sa'ud Nasiral-Sabah said that the plan to privatize 30 retail stations by converting them into...