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AOC out of Khafji
- Kuwait: Saturday, December 29 - 2007 at 08:17
Japan's AOC Holdings is to end its services contract at Kuwait's Khafji oilfield on January 4, after 50 years at the site, reported Bloomberg. Although the firm will no longer provide training or engineering support, it will still receive 100,000 barrels per day of crude from Khafji until 2023. AOC first signed a deal to operate at the field in 1957 and it generates 1.8% of Japan's oil imports.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 29 - 2007 at 08:17 UAE local time (GMT+4)
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