VOL. XL

No. 47

24-November-1997

KUWAIT

No Plans At Present For Concession Or Production Sharing Deals With Foreign Firms inKuwait, Says Mazidi

In a recent parliamentary question and answer period, Kuwaiti Oil Minister Isaal-Mazidi declared that Kuwait Petroleum Corporation (KPC) has no plans at present toconclude production sharing agreements with foreign oil firms, but he did not rule outfuture cooperation with foreign companies in respect of exploration and productionoperations. "KPC's...