'Four projects are currently ready for privatisation in Kuwait, according to Buhamra.
The Equate Petrochemical Company is a joint venture between Union Carbide Corporation of the US (45 per cent), PIC of Kuwait (45 per cent) and Kuwait's Boubyan Petrochemical Company (10 per cent), representing the private sector.
Chemical Fertilisers Factory - a subsidiary of PIC. Buhamra said that this would be easy to privatise since it had undertaken plastic manufacturing.
Aromatics project - privatisation in this case is twofold. The first option is the direct participation of the private sector into becoming a full partner. The second is the possibility of the private sector entering the field of complementary industries which are produced by the aromatics project.
The Industrial Bank of Kuwait has conducted a study on ten middle-sized industries, reaching the conclusion that there are ten existing petrochemical investment opportunities, two of which are based on Equate products and the remaining eight based on:
Second olefins project - currently undergoing a feasibility study, this project is similar to Equate, but bigger, and will enhance Kuwait's polypropylene sector.
Equate ... one of four projects ready for privatisation
