KUWAIT

 

New Kuwait Inquiry Targets GDF Suez, Sumitomo Deal

 

A key energy project including France’s GDF and Japan’s Sumitomo is targeted by Kuwaiti politicians.

 

In December, financial close was reached on the contract that will see GdF Suez (17.5%) and Sumitomo (17.5%) team up with Kuwaiti government institutions (60%) and Kuwait’s A H Al Sagar and Brothers (5%) to develop the Al-Zour North independent water and power producer (IWPP) project....