Kuwait, Bahrain ink deal to build joint aromatics factory

KUWAIT: Kuwait’s Petrochemical Industries Company (PIC) inked a deal yesterday 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 Mohamed bin Khalifa Al-Khalifa and Kuwaiti Acting Deputy Prime Minister and Minister of Finance and Minister of Oil Anas Al-Saleh, said Mohammad AlFarhoud, IPC’s Chief Executive Officer and Board member of Directors.

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. —KUNA

KUWAIT: Ambassador of Austria to Kuwait Sigurd Pacher hosted a reception recently at his residence on the occasion of his country’s national day. Higher officials, diplomats and media persons attended the event. —Photos by Joseph Shagra