image description
image description
Tell A Friend

FinancialNews


  • 25-08-18

    Kuwait, Iraq to appoint consultants to study shared oil fields development

    (MENAFN) Kuwait was announced to have reached an agreement with Iraq to appoint consultants in order to examine the development of shared oil fields.

    The declaration has been made by Kuwait's Oil Minister Bakhit al-Rashidi while delivering an address during a visit to Al Doha East power plant.

    The Kuwaiti minister confirmed Kuwait and Iraq to be set to select a consultancy company assigned to provide its advice on the project, with four candidates included in a list after an approval from both countries.

    Al-Rashidi stated "the shared oil fields project aims at producing oil from border fields,"adding that oil should be extracted by "one company and one team, production will be shared and the cost will be split between the two sides."

    MENAFN2508201800450000ID1097341423

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved