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Kuwait Foreign Investment

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February 2, 1995 | Times Staff and Wire Reports
Kuwait to Decide on Oil Searches by Foreign Firms: Oil Minister Abdulmohsen al-Mudej said the Higher Council for Petroleum is studying a plan to allow foreign companies to engage in oil exploration and production in Kuwaiti fields. So far the country has barred foreign companies from exploring for oil in its fields, which hold reserves estimated at 96.5 billion barrels.
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BUSINESS
February 2, 1995 | Times Staff and Wire Reports
Kuwait to Decide on Oil Searches by Foreign Firms: Oil Minister Abdulmohsen al-Mudej said the Higher Council for Petroleum is studying a plan to allow foreign companies to engage in oil exploration and production in Kuwaiti fields. So far the country has barred foreign companies from exploring for oil in its fields, which hold reserves estimated at 96.5 billion barrels.
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