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Kuwait considers investing in oil

    JOHANNESBURG

    Kuwait’s state-owned oil company announced on Monday that it had concluded a feasibility study into investing in Namibia’s oil sector, AFP reported.

    The report said a delegation from Kuwait Foreign Petroleum Exploration Company was in Namibia last month after President Sam Nujoma had visited Kuwait in August where he met the country’s oil minister and expressed hope that the Gulf state would take an interest in refining Namibian oil.

    Kuwait currently produces 1.84 barrels per day and its oil company is involved in oil production in Australia, China, Egypt, Indonesia, Pakistan, Sudan, Tunisia and Yemen.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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