Kuwait scraps joint venture with Dow Chemical
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Advanced IP Carrier
Answering Service
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Communications Enabled Business Processes
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Cloud Computing
CRM Software
CRM Solutions
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Email Archiving
Email Server
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Contact Center
Hosted Exchange
Hosted PBX
Integrated Communications
IP Fax
IP Multimedia
IP Phone Maker
IP Phone System
IP Phones
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Network Installation
Open Source CRM
PBX PCI Adapter
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
SATCON
SIP
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telemarketing Software
Telepresence
Testing IP Services
Virtual Call Center
Virtual Office
Virtual PBX
Virtual Receptionist
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Call Recording
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[December 28, 2008]

Kuwait scraps joint venture with Dow Chemical

(Associated Press WorldStream Via Acquire Media NewsEdge) KUWAIT CITY_The official Kuwait News Agency says the country's highest oil authority has scrapped a $17.4 billion joint venture with U.S. giant Dow Chemical Co.

KUNA says the Supreme Petroleum Council met Sunday and decided to "cancel the contract." It did not elaborate.

But Kuwaiti lawmakers have criticized the venture, known as K-Dow, as a waste of public funds and have threatened to question the prime minister in parliament if the project was launched.

Kuwait's oil minister has defended it as profitable and carefully studied by international consultants for more than two years.



K-Dow was set to begin marketing plastics and other products Jan. 1. The country's stake in K-Dow is $7.5 billion.



Copyright ? 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Application Whitelisting: A new security paradigm
SCADA Systems Protection
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
NSN's Coherent PON Technology Ignites Interest
Advanced IP Carrier Report: Tandem Transit Offers Cost-Saving, IP-…
Polycom's Video Conferencing Systems Reduce FVC's Carbon Footprint, …
What's Hot in the Smart Grid: Week in Review
First Trust Launches New Fund Based on Smart Grid Infrastructure …
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Riverbed Launches Cloud-Based Services for Enterprise and Government Markets
ShoreTel Secures 228th Spot in List of Fastest-Growing North American Companies
Ingenico, AviIT and OnAir Ink Alliance to Provide Secure, Online, In-Flight Payment Solutions
Infonetics: Carrier Spending Decline Below 6 Percent in 2009
Motorola Intros Frame-Based eNodeB

Today @ TMC
Upcoming Events
ITEXPO East 2010
 January 20-22, 2010
Miami Beach Convention Center
Miami, FL
4G Wireless Evolution Conference
 January 20-22, 2010
Miami Beach Convention Center
Miami, FL
view more…
Subscribe FREE to all of TMC's monthly magazines. Click here now.