KUFPEC looking for acquisitions with current oil prices


(MENAFN- Arab Times) NEW YORK April 21 (RTRS): Kuwait's Foreign Petroleum Exploration Corporation known as KUFPEC is looking for acquisitions in all regions given the current oil price environment Chief Executive Officer Shaikh Nawaf Al-Sabah said on the sidelines of the CERAWeek conference in Houston on Monday. He said the company is looking in all regions including the US and did not specify a minimum price level below which the acquisitions would become uneconomic saying that it varies from formation to formation.


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.