KPC scraps move to privatise petrol stations
Kuwait, July 17, 2014
Kuwait Petroleum Corporation (KPC) has withdrawn its proposal to privatise petrol stations, which was included in its operational budget plan of 2014-2015, a report said.
The Supreme Petroleum Council has apparently held discussions about building 100 new petrol stations to meet the increasing demand for petrol locally, the Al-Kuwaitiah daily said quoting informed sources from the oil sector.
Sources indicated that studies conducted by KPC and its subsidiaries probably did not support the involvement of private sector in this regard, the report said.