VOL. XLIV

No 39

24-September-2001

KUWAIT

Kuwait And Japans AOCAgree That Latters Concession For Neutral Zone Offshore Will Terminate UponExpiry In January 2003 But AOC Will Retain Technical Assistance Role

Kuwait and Japans Arabian OilCompany (AOC) have reached agreement in principle to the effect that thelatters oil/gas concession for Kuwaits half-interest in the offshore NeutralZone (originally awarded in 1958) will terminate when it officially expires on4 January 2003. However, after that...