Kuwait - Mubasher: Kuwait Foreign Petroleum Exploration Company (Kufpec) signed a memorandum of understanding with the Pakistani Ministry of Petroleum and Natural Resources for the development of Pakistan's oil fields.
The MOU was signed on the sidelines of a visit by a Shahid Khaqan Minister of Petroleum and Natural Resources of Pakistan to Kuwait.
The total Kuwaiti company's investments in Pakistan are more than $1 billion.
Kuwait Foreign Petroleum Exploration is the arm of Kuwait Petroleum Corporation in the field of exploration.
Recently, Kufpec obtained exploration license and petroleum privilege in Bharbor sector, north of Pakistan.
