VOL. XXXIX

No. 29

15-April-1996

UAE

UAE Keen On Privatizing Its Petrochemical Industry

The UAE Acting Minister of Petroleum and Mineral Resources, Mr. Rakadh ibn Salim ibn Rakadh, has stated that the UAE Government is still committed to privatizing its petrochemical sector despite recent delays in the process. "There will be privatization for sure. The government is conducting studies on how this will be done and the process will start very soon," the Minister told a local newspaper....