VOL. XLIV

No. 23

4-June-2001

KUWAIT

SPC Committee To Review Options On AOC Concession

Kuwaits Oil Minister Adel al-Sabeeh announced on 28 May that the Supreme Petroleum Council (SPC) had discussed the concession held by the Japanese-owned Arabian Oil Company (AOC) for Kuwaits half-interest in the offshore Neutral Zone, which expires on 3 January 2003, and had decided to form a committee chaired by him to discuss options emerging from a study conducted by his ministry. Dr Sabeeh said the...