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Kuwait Energy seeks to sell its oil quota in southern Iraq
14:37 - 22/05/2018
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14:37 - 22/05/2018
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Information / Translation
KUWAIT: Energy firm Kuwait Energy on Tuesday hired an investment bank to advise on options including the sale of all or part of the ninth oil block in southern Iraq, Reuters reported.
"Birla Weinberg Partner (PWP) will help create liquidity and cash reserves to repay the debts of the Kuwaiti company," the agency said in a news release.
Discussions on the merger between Kuwait and the British company SOSCO in the project collapsed earlier this year, prompting the Kuwaiti company to make that choice. Ending / 25 z
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