Middle East Economic Survey

VOL. XLVII

No 50

13-December-2004

KUWAIT

Cabinet Approves Project Kuwait Law, Sends It To Parliament

Kuwaits Council of Ministers, meeting on 5 December, approved a report drawn up by its Legal Committee on the draft law governing Project Kuwait and any other future upstream developments requiring the involvement of international oil companies (IOCs). Project Kuwait envisages a consortium of IOCs being awarded a contract to expand production from the countrys northern...