No. 12



Kuwait Finds It Difficult To Renew AOC Agreement On Present Terms, Says Oun

Exactly a year after the termination of the 40-year concession for the Saudi half-interest in the Neutral Zone offshore oil and gas fields held by Japans Arabian Oil Company (AOC), Kuwaiti Ministry of Oil Undersecretary Isa al-Oun told the Kuwait-daily al-Anba on 10 March that he had informed Japans Minister of Economy, Trade and Industry (METI) that it would be difficult for Kuwait...