No. 26



AOC Opens Talks With Kuwait On Future Of Offshore Neutral Zone Concession

Kuwait announced on 19 June that it had started talks with Japans Arabian Oil Company (AOC) over the future of the latters concession for Kuwaits half-interest in the offshore Neutral Zone, which expires on 3 January 2003. At the end of May, Kuwaits Oil Minister Adel al-Sabeeh announced that the Supreme Petroleum Council (SPC) had decided on the formation of a committee under his...