Kuwait's KUFPEC Looking For Acquisitions Globally -CEO - Gulf Business
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Kuwait’s KUFPEC Looking For Acquisitions Globally -CEO

Kuwait’s KUFPEC Looking For Acquisitions Globally -CEO

The company is looking in all regions and did not specify a minimum price level below which the acquisitions would become uneconomic.

Kuwait’s foreign petroleum exploration corporation, known as KUFPEC, is looking for acquisitions in all regions, given the current oil price environment, Chief Executive Officer Shaikh Nawaf Al-Sabah said on the sidelines of the CERAWeek conference in Houston on Monday.

He said the company is looking in all regions, including the U.S., and did not specify a minimum price level below which the acquisitions would become uneconomic, saying that it varies from formation to formation.

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