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KPC withdraws proposal to privatize petrol stations
July 16, 2014, 9:21 am

Kuwait Petroleum Corporation (KPC) has withdrawn its proposal to privatize petrol stations, which was included in its operational budget plan of 2014-2015. The Supreme Petroleum Council has apparently held discussions about building 100 new petrol stations to meet the increasing demand for petrol locally, reports Al-Kuwaitiah daily quoting informed sources from the oil sector.

They said they wondered why KPC has been insisting for years to privatize petrol stations and establish a third company in the market similar to ‘Al-Soor’ and ‘Al-Oula’ companies. They indicated that the studies conducted by KPC and its subsidiaries probably did not support the involvement of private sector in this regard.

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