VOL. XXX
NO. 26
6-April-1987
KUWAIT
KUFPEC Seeks to Cut Exploration Losses
The Kuwait Foreign Petroleum Exploration Company (KUFPEC), a wholly-ownedsubsidiary of the Kuwait Petroleum Corpora- tion, will this year try to obtainconcessions with proved oil reserves in an attempt to cut its losses and reducethe high cost of exploration in new acreage, according to a statement by Mr.Mahmud al-Rahmani, KUFPEC's Board Member for Planning Affairs, to the KuwaitNews Agency (KUNA). Press reports assert...
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