VOL. XLV

No 10

11-March-2002

KUWAIT

New Company To Replace AOC In Neutral Zone Established, Dorra Development Studied

The Ministry of Oilon 6 March announced the formal setting up of a new Kuwait PetroleumCorporation (KPC) subsidiary, Kuwait Gulf Oil Company (KGOC), to take over the40-year concession of the Japanese-owned Arabian Oil Company (AOC) for Kuwait痴half-interest in the offshore Neutral Zone oil and gas fields that officiallyexpires on 4 January 2003. Kuwait痴Supreme Petroleum Council...