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2016-04-03 15:55:00

BP & KUWAIT AGREEMENT

BP & KUWAIT AGREEMENT

BP PLC and state-owned Kuwait Petroleum Corp. (KPC) signed a broad framework agreement for possible opportunities inside and outside Kuwait covering oil, gas, trading, and petrochemicals.

The agreement was signed by BP Chief Executive Officer Bob Dudley and KPC Chief Executive Nizar Mohammad Al-Adsani.

"BP's commitment to Kuwait dates back to our participation in the discovery of the giant Burgan oil field in the 1930s and we are there today extending the life of the field," Dudley said.

The framework agreement includes opportunities for joint…

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Tags: BP, KUWAIT, OIL, GAS, INVESTMENT
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