Kuwait Seeks Foreign Majors’ Help to Develop Offshore Fields
Market Intelligence Analysis
AI-PoweredKuwait is seeking international oil companies' help to develop its recently discovered offshore oil and gas fields, indicating potential growth in the country's energy sector.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Kuwait prepares to invite international oil companies to help it develop recently discovered offshore oil and gas fields, Kuwait’s Prime Minister, Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, said on Tuesday. Kuwait Petroleum Corporation (KPC) will turn to foreign majors for collaboration and assistance for Kuwait Oil Company to develop the offshore fields, the official said at the Kuwait Oil and Gas Show, as carried by Reuters. KPC is also in discussions with international ?financial institutions to create a lease and lease-back model of Kuwait’s…
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