VOL. XXXVI
NO. 39
28-JUNE-1993
KUWAIT
PIC Signs Memorandum With Union Carbide On Petrochemical Complex
The Kuwait Petrochemical Industries Company (PIC) - a wholly owned subsidiaryof the Kuwait Petroleum Corporation (KPC) - on 19 June signed a memorandum ofunderstanding with Union Carbide Corporation of the US to set up and operate inKuwait on a joint-venture basis a large-scale petrochemical complex estimated tocost KD700mn ($2.45bn). The joint-venture will be owned 45% by the KuwaitiGovernment,...
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