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Kuwait buys stake from Royal Shell
(MENAFN) Kuwait has purchased stake in two Australian natural gas businesses from Royal Dutch Shell, according to the Telegraph
Kuwait Foreign Petroleum Exploration Company (KUFPEC) purchased 8 percent in the Wheatstone-Iago joint venture and 6.4pc in the Wheatstone liquefied natural gas (LNG) project in Western Australia at USD1.135 billion
Ben van Beurden said Shell was "refocusing our investment to where we can add the most value with Shell's capital and technology"
Kuwait Foreign Petroleum Exploration Company (KUFPEC) purchased 8 percent in the Wheatstone-Iago joint venture and 6.4pc in the Wheatstone liquefied natural gas (LNG) project in Western Australia at USD1.135 billion
Ben van Beurden said Shell was "refocusing our investment to where we can add the most value with Shell's capital and technology"
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