(MENAFN) Kuwait's Foreign Petroleum Exploration Corporation (KUFPEC) is considering further acquisitions on both of the domestic regional level and on the global level, its CEO said, Reuters reported.
The company is looking for more deals in spite of the always-changing oil prices, with no set limits for indicating when the acquisitions would be totally misplaced and unprofitable.
KUFPEC said that setting a minimum price is contingent upon different formations as it normally differs from one to another.
Kuwait Foreign Petroleum Exploration Company was established in 1981 under the Kuwait Petroleum Corporation as a subsidiary company.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.