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English news

13-Jul-2016

Kuwait studying privatisation of oil services, not output, Finance Ministry says

Kuwait is considering privatising its oil services sector, but plans would not include its production facilities, according to a senior Finance Ministry official. Meanwhile, the Finance Ministry and state-run Kuwait Petroleum Corporation (KPC) are studying which sectors and services may be privatised, Undersecretary Khalifa Hamada said. (Reuters)

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