VOL. XXXVI

NO. 35

31-MAY-1993

KUWAIT

PIC Still Confident of Attracting Foreign Partner For ShuaibaComplex

Discussions are continuing between Kuwait's Petroleum IndustriesCorporation (PIC) and potential investors in its proposed new petrochemicalcomplex at Shuaiba. MEES learns that the equity structure now being consideredis likely to involve the foreign partner and the Kuwaiti Government each havinga 45% stake, with the remaining 10% being issued to the Kuwaiti private sector.The equity to debt...