VOL. XLII

No. 31

2-August-1999

KUWAIT

Kuwaiti Parliament Asserts Role In Upstream Deals

The new Kuwaiti parliament has lost no time in asserting itsrole in the decision-making process concerning Project Kuwait, which envisagesinvestments by international oil companies in the country痴 northern andwestern oilfields in accordance with Operating Service Agreements. Last week aparliamentary bill was tabled that would prohibit any foreign investment innatural resources without prior legislation. At...