VOL. XXXII

NO. 31

8-MAY-1989

KUWAIT

KUFPEC Acquires a 25% Interest in a Production Sharing Concession inMalaysia

The Kuwait Petroleum Corporation's subsidiary, the Kuwait Foreign PetroleumExploration Company (KUFPEC), has acquired a 25% equity interest in anexploration permit covering a 2.2mn-acre onshore/offshore block in Malaysia -Block SB-3 off Sabah - in partnership with Phoenix Exploration Resources(operator, 25) and Enron Oil Malaysia Inc. (50%).

Under the permit agreement, which was...