KUWAIT
KUFPEC to Acquire the Remaining Shares of IEDC
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) - a wholly-owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC) - is to acquire full ownership of the Geneva-based International Energy Development Corporation (IEDC), according to a press release issued in Geneva on 25 March. KUFPEC currently holds a 60% equity interest in IEDC.
The statement, released by IEDC SA and IEDC Exploration and Production Ltd.,...
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