VOL. XL

No. 42

20-October-1997

KUWAIT

Kuwait's IPG Buys 40% Share Of Antwerp Refinery

The private Kuwaiti oil firm Independent Petroleum Group (IPG) announced on 13 Octoberthat it has bought a 40% share in the Dutch firm Petroplus Refining BV, the owner of the65,000 b/d Antwerp-based Universal Refinery. The refinery has pipeline connections to theNATO product pipeline, the Rotterdam-Antwerp crude pipeline and Brussels airport, as wellas 800,000 cu. ms. of tank storage. The joint venture is seen...