VOL. XLVI

No 31

04-August-2003

KUWAIT

Kuwaiti Firms With 100% Foreign Capital Could Carry Out Project Kuwait

The governments plan to develop and sustain the production capacity of the countrys northern oilfields through the involvement of international oil companies (IOCs-Project Kuwait) does not mean that foreign firms will have a monopoly. Instead, development could be carried out by Kuwaiti firms, with 100% foreign capital. This possibility is spelt out in the investment model for the project,...