- KPC seeking global oil giants to bid
- Kuwait will retain control of fields
- Wants to lift capacity to 4m bpd
Kuwait has launched two projects – Shahin (falcon) and Saif (sword) – to attract international oil companies as it seeks to increase crude production capacity to 4 million barrels a day.
Under the Saif project, Kuwait aims to hire global companies to develop its newly discovered offshore oilfields while Shahin involves leasing its pipeline network to foreign businesses to raise funds.
While international…