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.,...