VOL. XL

No. 37

15-September-1997

KUWAIT

KUFPEC Not For Sale, Says Head Of SPC

Kuwait's Supreme Petroleum Council (SPC) has rejected a plan for the sale of the KuwaitForeign Petroleum Exploration Company (KUFPEC) - the overseas exploration and productionsubsidiary of the state-owned Kuwait Petroleum Corporation (KPC) - according to a reportpublished in the daily The Arab Times on 6 September. Apparently the Acting PrimeMinister and Foreign Minister, Shaikh Sabah al-Ahmad al-Sabah, who is also...