Middle East Economic Survey

VOL. XLVIII

No 42

17-October-2005

KUWAIT

Kufpec To Hold 5% Stake In Successful Project Kuwait Consortium

Kuwait Foreign Petroleum Exploration Company (Kufpec) is to hold a 5% stake in the consortium of international oil companies (IOCs) chosen to carry out Project Kuwait, according to Energy Minister Shaikh Ahmad al-Fahd al-Sabah in an interview with al-Rai al-Am, published on 10 October. He added that the Kuwaiti people could have a stake in the project by buying shares...