VOL. XLIV

No. 29

16-July-2001

KUWAIT

Kuwait And AOC Sign MOU For Talks To Explore New Operatorship Role InNeutral Zone

Kuwait and Japan on 7 July signeda memorandum of understanding (MOU) as the basis for talks on a possible rolefor Japans Arabian Oil Company (AOC) when its concession for Kuwaitshalf-interest in the offshore Neutral Zone expires on 3 January 2003. The MOUwas signed by Kuwaits Oil Minister Adel al-Sabeeh and Japans Trade MinisterTakeo Hiranuma. Dr Sabeeh said both sides agreed...