KUWAIT

Elf Aquitaine Acquires 30% Stake in KUFPEC/IEDC Concession in Tanzania 

The Tanzanian Government has approved the acquisition by Elf Aquitaine of a 30% equity interest in a concession held jointly by the Geneva-based International Energy Development Corporation (IEDC) and the Kuwait Foreign Petroleum Exploration Company (KUFPEC), a wholly owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC). The concession - which covers a 12,000 sq. km. tract north of Dar...