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Kuwait’s plans to cut energy subsidies and secure further foreign investment in its oil and gas sector look more vulnerable following 26 November parliamentary elections, with opposition candidates performing strongly. The government’s relations with the outgoing parliament were relatively harmonious, but the election of a new legislative body could see energy projects again become political footballs.
The previous legislature was largely pro-government and its more-harmonious relationship with the government enabled Kuwait to sign a number of agreements with international oil firms. The most high profile were three enhanced technical service agreements (ETSA) – two with Shell and one with BP – earlier this year (MEES, 15 July). (CONTINUED - 948 WORDS)