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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