Kuwait Energy open to more Iraq investment
The head of Kuwait Energy says she’s encouraged by recent gains in Iraq against the militant Islamic State group and would welcome more investment there. Sara Akbar, Kuwait Energy’s CEO, told Reuters during an oil conference in Norway that “I think we've been through the worst and things will stabilize.” Several oil companies in Iraq's […]The head of Kuwait Energy says she’s encouraged by recent gains in Iraq against the militant Islamic State group and would welcome more investment there. Sara Akbar, Kuwait Energy’s CEO, told Reuters during an oil conference in Norway that “I think we've been through the worst and things will stabilize.”
Several oil companies in Iraq's Kurdistan region withdrew staff earlier this month after Islamic State fighters approached Irbil, the region's capital, threatening its vast oil infrastructure. Kurdish forces, assisted by U.S. airstrikes, have pushed back Islamic State fighters in recent weeks – but some firms have not returned to the country.
