WORLD
PARLIAMENT OF KUWAIT POSTPONES DISCUSSION OF INVESTMENT PROJECT OF FOREIGN OIL COMPANIES
The committee of parliament on questions of finance and economy considers that it is necessary to study more attentively from the point of view of economic interests of the country the question of investment consortium consisting in basic from the European companies, investments into the “Kuwaiti project” with the purpose of development in January of the next year of oil deposits in frontier territories with Iraq.
Deputies have noted, that this project can be authorized only after a serious constitutional guarantee. Minister of power Sheikh Ahmed Fahd As-Sabah has called deputies not to politicize the question of investments, having noted absence of necessity for ratification of the project by parliament. Deputies, on the contrary, demand the obligatory statement in parliament of each contract signed with the foreign companies. A part of them considers, that the mentioned project will enable the foreign companies to appropriate oil resources of Kuwait completely.
It should be reminded, that in the nearest 20 years, Kuwait plans to reach daily production of oil deposits near the Iraq border from 530 thousand to 900 thousand barrels.