Kuwait restructures oil sector, KIPIC to be dissolved and fully merged into KNPC

Kuwait has officially approved a major restructuring within its oil sector, dissolving the Kuwait Integrated Petroleum Industries Company (KIPIC) and merging its operations into the Kuwait National Petroleum Company (KNPC) through a full legal acquisition process. The decision was issued by the Supreme Petroleum Council and published in Kuwait Alyawm, following an earlier resolution at … The post Kuwait restructures oil sector, KIPIC to be dissolved and fully merged into KNPC appeared first on Times Kuwait .

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