VOL. XXXVIII
NO. 43
24-JULY-1995
Kuwait
PIC/Union Carbide/Bubiyan Petrochemicals Sign Partnership Agreement
On 15 July a partnership agreement was signed in Kuwait setting up the jointventure firm Equate Petrochemical Company K.S.C. - owned 45% by the state-ownedPetrochemical Industries Company (PIC), 45% by the US firm Union Carbide and 10%by the Kuwaiti private sector's Bubiyan Petrochemical Company (BPC). The ventureis planning to construct at the Shuaiba Industrial Area by 1997 a $2bn...
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