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AOC signs with Kuwait
- Kuwait: Wednesday, December 25 - 2002 at 13:15
Arabian Oil Co (AOC) of Japan will sign a new oil deal with Kuwait on December 29 to replace its expiring 40-year concession. The new deal will take effect after the current concession expires on January 4, and gives AOC the right to buy oil from Kuwait over a 20-year period. AOC lost its concession on the Saudi side of the Neutral Zone in 2002.
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Peter J. CooperWednesday, December 25 - 2002 at 13:15 UAE local time (GMT+4)
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This article was updated on Wed Nov 01 2006.
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