Kufpec Plans International Buying Spree as Asset Values Tank

摘要

As its output continues to decline, Kuwait's overseas upstream arm has stepped up the hunt for producing assets to meet the 100,000 barrel of oil equivalent per day production target it has set itself for the end of next year. And with asset values low as a result of weak oil prices, now is the ideal time to make the acquisitions, a top official at Kuwait Foreign Petroleum Exploration Co. (Kufpec) says (IOD Jun.16,p4).