VOL. XXXVIIINO. 821-NOVEMBER-1994

Kuwait

Private Firm To Take Up Share In PIC/Union Carbide Joint Venture

The Kuwait Petrochemical Industries Company (PIC) is setting up a privateshareholding firm which will take a share in the joint venture between PIC andthe US firm Union Carbide for a new petrochemical complex in Kuwait under anagreement concluded in June 1993. In a statement to the press on 16 November,Mr. Hani Husain, the Chairman and Managing Director of PIC, said that thecompany to be...