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Kuwait for oil cooperation with Russia
Kuwait-Russia, Economics, 5/16/2002
The Kuwaiti minister of oil and information Sheikh Ahmad al-Fahd has called for continued cooperation between Russia and OPEC.
In an interview with the Russian Frimia Novosti issued on Wednesday, Sheikh al-Fahd said that the increase of Russian oil exports will not create problems because the market is organizing all matters precisely, noting that all producers, including Russia will be hurt as a result of reduction in world oil prices.
Sheikh al-Fahd indicated that some Russian companies will take part in a bid announced by Kuwait to invest new oil fields in the northern parts of the country.
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