VOL. XXXVIII

NO. 30

24-APRIL-1995

Kuwait

Kuwait Launches Private Shareholding In Petrochemical Joint Venture

The Kuwait Government has decided to launch a new private shareholdingcompany Bubiyan Petrochemicals Company (BPC) which will hold a 10% equityinterest in the projected petrochemical joint venture between the state-ownedPetrochemical Industries Company (45%) and Union Carbide of the US (45%), whichhas been given the name of "Equate". According to an announcement on18 April, BPC will be...