16.03.2009 - Kuwait to scrap $14 bln refinery project
From Aawsat.com: Kuwait is scrapping a $14 billion project to build a fourth refinery in the oil-rich country, the prime minister said in remarks published Sunday. The announcement was the second cancellation of a major oil project since December amid government corruption allegations. Sheik Nasser Al Mohammed Al Sabah told Al-Watan newspaper the decision, which the Cabinet will formally take Monday, was in compliance with results from an investigation by Kuwait's financial watchdog, the Audit Bureau..... Full Article: Source
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