Deals
Kuwait Energy Takes Over Two Oil Fields in Russia From Concord
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Kuwait Energy Co. said it completed the acquisition of Pechora Energy Co. and OJSC VIK from Concorde Oil and Gas Ltd., giving the Kuwaiti oil and gas company full working interest and operatorship of two Russian oil fields.
Kuwait Energy previously had a 36.56 percent in the Luzskoye and Chikshina oil fields through its stake in Concorde, the company said in an e-mailed statement today. Financial details weren’t disclosed.