Oil and Gas

KPC head: Kuwait looks for oil, gas acquisitions abroad

Kuwait aims to increase its oil and gas production and reserves through acquisitions of assets abroad as well as expanding its exploration efforts at home, the head of Kuwait Petroleum Corp said .

KPC’s Chief Executive Officer Nizar al-Adsani also said that while Asia would remain the focus for Kuwaiti oil exports, the national oil company was also keeping an eye on the African market for possible acquisitions.

“We have started working with financial institutions to achieve strategic partnerships to find the optimum solutions to finance our current and future projects,” Adsani told a news conference in Kuwait City.

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