VOL. XXXVIII

NO. 39

26-JUNE-1995

Kuwait

Supreme Petroleum Council Directs KPC To Restudy Plan For ProductionSharing Deals

At the direction of the country's Supreme Petroleum Council, the KuwaitPetroleum Corporation (KPC) is to undertake a rethink of its plan for theopening up of exploration acreage in Kuwait to deals with foreign oil companieson equity or production sharing terms, MEES understands from reliable Kuwaitioil sources.

Effectively, this will mean that KPC's previous scheme long mooted...