Project Kuwait heads for vote in mid-January

01/02/2006
While mid-December attention has focused on historic parliamentary elections in Iraq, another important vote is shaping up to the south for mid-January.Kuwait’s government has instructed the parliament to open a special session Jan. 16 to discuss Project Kuwait, the long-delayed plan to open upstream investment opportunities to foreign oil companies (OGJ, June 17, 2002, p. 22).First proposed in 1997 by Kuwait’s Supreme Petroleum Council, Project Kuwait would open northern oil fields to foreign participation. The aim is to raise production from the fields to 900,000 b/d from 650,000 b/d within 3 years.Kuwait hopes to boost its total production capacity to 4 million b/d from 2.5...
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