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Kuwait’s state oil operator and its subsidiaries control stake in 13 local and foreign companies with a total value of around 738.5 million Kuwaiti dinars ($2.43 billion), a local newspaper report showed on Wednesday.
The Kuwait Petroleum Corporation (KPC), which manages the OPEC producer’s massive hydrocarbon industry, and its affiliates own shares in two major South Korean groups and a number of firms in Kuwait, Asia and Europe, the Arabic language daily Alanba said, citing KPC data.
Its biggest overseas stake is in SK Group of South Korea, with shareholding amounting to around 148.8 million dinars ($491 million), the report showed.
KPC also has a stake in the chemicals company SK Advanced with a value of nearly 40.6 million dinars ($134 million), it said.
Other key partners abroad include Bahraini-based Gulf Petrochemical Industries Company, with a stake of about 52.2 million dinars ($172.3 million), the report said.
(Writing by Nadim Kawach; Editing by Anoop Menon)
