Kuwait and China to Establish Joint Development Company 

Kuwait and China have agreed to set up a joint development company, it was announced last week in Peking during an official visit to China by Kuwait's Minister of Oil and Finance, Shaikh 'Ali Khalifah al-Sabah.

No details about the proposed venture were disclosed, but the focus of interest is understood to center on the development of a large gas discovery made in 1983 near Hainam Island in the South China Sea by...