Kufpec Eyes Acquisitions, Project Financing Facility

摘要

Kuwait Foreign Petroleum Exploration Co. (Kufpec) is seeking acquisitions and will also look to raise debt financing soon, the company’s top executive said. 'The company is looking to expand footprints in existing territories, since it already has a wide enough portfolio,' Kufpec CEO Nawaf al-Sabah told International Oil Daily on the sidelines of the Kuwait Oil and Gas Show. 'Kufpec is not looking at Iraq, and not looking at projects [in countries] immediately neighboring Kuwait.'