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Saturday, November 7 - 2009

Kuwait

The latest business news, company announcements and analysis from Kuwait. Keep abreast of the most up-to-date developments in the country's oil and energy market, and the daily trades on the Kuwait Stock Exchange and see how these will affect you and your business.

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Kuwait news

Kuwait opens $2bn aromatics plant

Kuwait: Thursday, November 05 - 2009 at 11:35
Kuwait's Petrochemical Industries Company (PIC) has started operations at a $2bn aromatics plant this week that is expected to reach full capacity by early December, Reuters has reported. The Kuwait Aromatics plant, which has a nameplate capacity of 830,000 tons per year (tpy) of paraxylene and nearly 400,000 tpy of benzene, can produce up to 1 million tpy of light naphtha, and is currently operating at 60%. PIC and Kuwait National Petroleum Company (KNPC) each have a 40% stake in the plant, with Qurain Petrochemical Industries holding a 20% share.

Kuwait press releases

Analysis

Up to 95% of the Kuwaiti government's revenue comes from oil

GCC business outlook: Kuwait

Kuwait: Monday, June 08 - 2009 at 10:15
With the election of four women into the Kuwaiti parliament, the Majlis el-Umma, the northern GCC state has proved once more to be an exception in the GCC. However, Kuwaiti citizens are now expecting new initiatives from the government to help diversify the economy. They have good reason to do so: With Kuwait's GDP being heavily dependent on oil revenues, the economy might post its largest decline in 2009, according to the IMF.

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