Article: Indonesian : Kuwait oil firm to spend $300m on acquisitions.

Byline: manish03

The Kuwait Foreign Petroleum Exploration Co (Kufpec) plans up to US$300 million of investment in the Indonesian oil and gas sector despite slumping oil prices. Deputy managing director A. Naser Y. Al-Fulaij said Tuesday the company planned to realize the investment within two to three years by acquiring production facilities from other companies. We may invest ...

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