KUWAIT CITY, 8 December 2003 — Kuwait has decided to partially privatize more than 120 petrol stations owned and run by the emirate’s oil giant Kuwait Petroleum Corp. (KPC), the official KUNA news agency said yesterday. KUNA quoted an unnamed source at the ministry of commerce and industry as saying KPC has decided to set up three companies, each with a capital of 60 million dinars ($200 million). KPC will maintain a 20-percent stake in each company and the remaining shares will be sold to the public. Each company will own and manage 40 petrol stations, the source said.