Kuwait, Bahrain ink deal to build joint aro­mat­ics fac­tory

Kuwait Times - - LOCAL -

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

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