VOL. XL

No. 49

8-December-1997

KUWAIT

India's Planning Commission Rejects Proposal For IOC-Kuwait Orissa Refinery

The Public Investment Board of India's Planning Commission has turned down a proposalfor the construction of a grassroots refinery as a joint venture between the Indian OilCorporation (IOC) and the Kuwait Petroleum Corporation in Orissa on the east coast ofIndia, according to reports from New Delhi on 2 December. The Public Investment Board hasapparently rejected IOC's proposal for...