Dow released a statement on 28 December that it had been "verbally informed" by its partners at Kuwait Petroleum Corp (KPC) and PIC that the Kuwait Supreme Petroleum Council (SPC) was reversing its prrior approval of the agreement between Dow and PIC to create the 50-50 joint venture.
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Tuesday, January 06, 2009
Markets stunned by Kuwait's cessation of K-Dow JV
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