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KPC To Invest $500Mn In North Sea Oil Field
Published on Monday, 04 Jun 07:00 am
State-owned Kuwait Petroleum Corporation (KPC) has through its overseas upstream arm, reached an agreement with UK exploration and production company EnQuest to invest a total of $500mn in a North Sea oil field in exchange for a 35% interest, representing the Gulf state’s first major acquisition in the region for over 30 years.
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