Middle East Economic Survey

VOL. LIII

No 8   

22-Feb-2010

Kuwait Makes ETSA Breakthrough With Shell Gas Deal

State-owned Kuwait Oil Company (KOC) and Shell have signed a five-year Enhanced Technical Service Agreement (ETSA) covering a 1bn cfd development of Kuwait’s northern gas fields, KOC parent company Kuwait Petroleum Corporation (KPC) announced on 17 February. The deal is the culmination of four years of talks and follows the failure of negotiations for similar...