Middle East Economic Survey
VOL. LIII
No 23
7-Jun-2010
KUWAIT
Qurain Forms New Company To Build PTA And PET Plants
Kuwaits Qurain Petrochemical Industries has established a new company to build two petrochemical plants at the cost of $700mn, Reuters reported on 1 June. Qurain will hold 90% of the new venture, called United Petrochemical Company (UPC), while Kuwaits United Industries Company will hold 10%. The report cited a company statement sating that the new projects will be Kuwaits first...
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