Still handling the developments concerning the unconfirmed resignation of the finance minister, the Kuwaiti government is scrambling to deal with the repercussions of a court order requiring the country to pay $2.16 billion compensation to Dow Chemical for a unilateral decision in 2008 to opt out of a deal signed between the two sides. According to some local dailies’ reports yesterday, Prime Minister HH Sheikh Jaber Al-Mubarak Al-Sabah held an urgent meeting on Friday with the Minister of Oil Hani Hussein and leading Kuwait Petroleum Corporation officials to discuss the International Court ruling. The officials reportedly discussed the possibility of granting Dow Chemical projects in Kuwait as part of a compromise, reported Al-Rai quoting sources who spoke on the condition of anonymity.
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