VOL. XLII

No. 19

10-May-1999

KUWAIT

KUFPEC Relinquishes Interest In Ras al-Hikma Concession

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) a wholly owned subsidiary of the state-owned Kuwait Petroleum Corporation (KPC) has relinquished its 36.36% interest in the Ras al-Hikma concession inEgypts Western Desert. An official at the company confirmed to MEESthat KUFPEC relinquished its interest for economic reasons. This is the secondconcession that KUFPEC has withdrawn from in Egypt, as it...