No. 17



Opening Shots Fired In Debate Over AOC Neutral Zone Concession Renewal

With the expiry deadline for the Arabian Oil Companys (AOCs) concession for Kuwaits half-interest in the Neutral Zone offshore less than two years away (the expiry date is 4 January 2003), a debate has begun over whether or not the Japanese firm will have its license extended and, if so, under what terms. AOC lost its concession for the Saudi half-interest in the offshore Neutral Zone...