Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on December 23, 2005

Bookmark and Share

Foreigners May Soon Play a Part in Kuwait Oil

Thirty years after foreign oil companies were expelled from Kuwait, the state is close to opening its lucrative oil production business again to outsiders.

Years of underinvestment in Kuwait have led to slowing output since the 1970’s. Kuwait oil officials argue that they need the help of global oil companies to manage the more challenging extraction methods required at the newer oil reservoirs, now that the country’s easy oil has been removed.

The New York Times



Leave a Reply

Your email address will not be published. Required fields are marked *