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KUFPEC seeks new assets
- Kuwait: Thursday, April 02 - 2009 at 08:58
Kuwait Foreign Petroleum Exploration Company, the international investment arm of Kuwait Petroleum Company, is urgently seeking to buy corporate acquisitions and oil-producing assets, and it is not too picky about what to buy, Shayma Amin, an international business analyst and petroleum engineer with KUFPEC told The National. Charged by KPC with nearly doubling its output by next year, the company is looking to negotiate one or more major deals by the end of this year that would add at least 10,000 barrels of oil equivalent per day (boepd) of oil and gas production and 30 million barrels equivalent of reserves, he said.
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StaffThursday, April 02 - 2009 at 08:58 UAE local time (GMT+4)
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