Uncertainty Ahead For Kuwait Energy After Reporting 2Q Growth
Independent Kuwait Energy Company (KEC) moved to refocus on its core Middle East production areas in 2Q13, abandoning its joint venture with Turkey’s TPAO, the UAE’s Dragon Oil and an Afghan firm that is negotiating exploration and production sharing contracts for the two blocks it won in Afghanistan. In a statement, KEC said that its growth strategy calls for further investment in its...
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