US EditionKuwait Seeks Foreign Majors’ Help to Develop Offshore Fields
Kuwait seeks foreign firms to develop offshore fields and lease pipelines, aiming to raise production capacity by one-third to 4 million barrels per day by 2035, officials said.
8 Articles
8 Articles
Kuwait Seeks Foreign Majors’ Help to Develop Offshore Fields
Kuwait prepares to invite international oil companies to help it develop recently discovered offshore oil and gas fields, Kuwait’s Prime Minister, Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, said on Tuesday. Kuwait Petroleum Corporation (KPC) will turn to foreign majors for collaboration and assistance for Kuwait Oil Company to develop the offshore fields, the official said at the Kuwait Oil and Gas Show, as carried by Reuters. KPC is also in discu…
Financial Post
BizTocKuwait Opening Up Oil Fields, Pipelines to Foreign Investment
(Bloomberg) — Kuwait is opening up some of its oil fields to foreign investment and leasing part of its pipeline network, a significant move by the OPEC member as it looks to position itself as a key investment destination in the Middle East.
Kuwait to open up key oil fields, pipelines to foreigners
Kuwait is planning to open up some of its oil fields to overseas firms and lease part of its pipeline network, a significant move by the OPEC member as it looks to position itself as a key investment destination in the Middle East.
The Prime Minister, His Highness Sheikh Ahmed Al-Abdallah, affirmed that the sovereignty of the State of Kuwait over its national wealth was protected by the Constitution and its decision-making power was untouchable or negotiable.
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