VOL. XXXVIII
NO. 40
3-JULY-1995
Kuwait
Indian Government Approves KPC/IOC Proposal For Joint Refinery Project
The Indian Government has approved a proposal by the state-owned Indian OilCorporation (IOC) for the formation of a joint venture with the Kuwait PetroleumCorporation (KPC) to set up a new 120,000 b/d grassroots refinery at Orissa inEastern India at an estimated cost of IR39bn ($1.24bn). An Indian Governmentstatement on 27 June said that the Cabinet Committee on Economic Affairs has...
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