VOL. XXXIX

No. 54

7-October-1996

KUWAIT

KPC Acquires 50% Stake In Agip's Milazzo Refinery

The state-owned Kuwait Petroleum Corporation (KPC) an- nounced on 30 September that it has signed an agreement with Italy's' Agip under which it has acquired a 50% inter- est in the Italian firm's 300,000 b/d refinery at Milazzo, near Messina on the north coast of Sicily in addition to 330 retail gasoline stations throughout Italy (for details, see MEES, 4 September 1995 and 8 April 1996). Under...