VOL. XLV

No 13

1-April-2002

KUWAIT

Kuwait And AOC Reach New Offshore Partitioned Zone Agreement

Kuwait and the Japanese-owned Arabian Oil Company (AOC) on 27March reached a series of five agreements defining a new bilateral relationship(for details, see below). The formal agreements are expected to be signed byJune. When AOCs 40-year concession for Kuwaitshalf-interest in the offshore Partitioned [Neutral] Zone oil and gas fieldsexpires on 4 January 2003, it will be taken over by a newly-formed...