VOL. XLIV

No. 21

21-May-2001

KUWAIT

Deputies Favor Separate Legislation For All Upstream Oil/Gas Contracts With IOCs

The Finance and Economic Affairs Committee of Kuwaits National Assembly is moving towards a recommendation that all future upstream oil and gas contracts with international oil companies (IOCs) should be subject to separate legislation that will require parliaments approval, members of the committee say. This would apply not only to contracts related to the governments plan to...