VOL. XXXVIII

NO. 49

4-SEPTEMBER-1995

Kuwait's KPC Will Boost European Refining Capacity With Acquisition Of 50%Stake In Agip's Milazzo Plant In Italy

The Kuwait Petroleum Corporation (KPC) has taken a major step to improve itsdownstream refining position in the Mediterranean and Europe through theconclusion of an agreement with Italy's Agip for a 50/50 joint venture whichwill own and manage the latter's refinery at Milazzo, near Messina on the northcoast of Sicily. The deal is targeted for...