Forgot your password?

Back to login

Kuwait, Bahrain ink deal to build joint aromatics factory
October 31, 2016, 8:57 am

Kuwait's Petrochemical Industries Company (PIC) inked a deal Sunday with Bahrain's National Oil and Gas Authority (NOGA) to build a joint aromatics factory in the Kingdom with an annual production capacity of 1,44 tons.

The deal was made during a meeting held earlier between visiting Bahraini Oil Minister Sheikh Mohammad bin Khalifa Al-Khalifa and Kuwaiti Acting Deputy Prime Minister and Minister of Finance and Minister of Oil Anas Al-Saleh, Mohammad Al-Farhoud, IPC's Chief Executive Officer and Board member of Directors, stated to KUNA.

The agreement, which is based on the two countries' partnership, includes secondary products, Al-Farhoud noted, adding that details regarding that matter are to be discussed between the two sides later.

It is the second partnership in petrochemicals between Kuwait and Bahrain following a previous successful one with Gulf Petrochemical Industries Company (BSC), in which the Kuwaiti company owns around 33.3 percent, he noted. 

Source: KUNA

Share your views

"It is hard to fail, but it is worse never to have tried to succeed."

"Envy comes from wanting something that isn't yours. But grief comes from losing something you've already had."

Photo Gallery