in this issue
Services :: Legal
Report: Kuwaiti cabinet suspends PIC officials pending K-Dow investigation
8:55 AM MDT | May 17, 2013 | Francinia Protti-Alvarez
Senior officials of Petrochemical Industries Co. (PIC; Kuwait City, Kuwait), a subsidiary of Kuwait Petroleum Corp. (Kuwait City), are to be suspended pending an inquiry into the payment of $2.2 billion to Dow Chemical following a decision in an emergency cabinet meeting chaired by Prime Minister Sheikh Jaber Mubarak Al Hamad Al Sabah on 16 May, according to a report from news agency Kuna. PIC paid $2.2 billion to Dow earlier this month; the payment was related to the aborted K-Dow petrochemicals joint venture between the 2 companies, as reported by CW. The PIC...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be: