Kuwaits parliament gave initial approval to a much-delayed privatisation bill allowing the sale of some state-owned entities, including some downstream assets in the countrys energy sector. Kuwaits oil and gas fields are off-limits to foreign investment and would remain so, the countrys Deputy Prime Minister for Economic Affairs Sheikh Ahmad Al Fahad Al Sabah said. It was unclear which assets may be up for privatisation. Several lawmakers opposed the inclusion of any energy assets in the bill, which they say should remain under the governments control to avoid corruption.
p>Kuwaits parliament gave initial approval to a much-delayed privatisation bill allowing the sale of some state-owned entities, including some downstream assets in the countrys energy sector. Kuwaits oil and gas fields are off-limits to foreign investment and would remain so, the countrys Deputy Prime Minister for Economic Affairs Sheikh Ahmad Al Fahad Al Sabah said. It was unclear which assets may be up for privatisation. Several lawmakers opposed the inclusion of any energy assets in the bill, which they say should remain under the governments control to avoid corruption.
