Thursday, December 19, 2024

Litigation to be settled before Niko can hand over shares to Arab firm

The government has decided to settle the litigation relating to the Tengratila gas blowout case before allowing Niko, the Calgary, Canada-based oil and gas company, to hand over its assets to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Taking the political situation of the country into account, senior officials and leaders of the government feel that ... Read more