Shell to exchange know-how, expertise with Kuwaiti NOC
Shell has signed a memorandum of understanding (MoU) with Kuwait's state-owned oil firm Kuwait Petroleum (KPC) on exchanging know-how and expertise across various areas of the oil and gas industry, the latter company said on May 13.
In a statement, KPC said the memorandum was signed as part of its push to tap the experience of leading international oil and gas companies. The document does not imply any financial liabilities, it said.
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Shell is involved in upstream exploration and research, oil trading, lubricants and technical services in Kuwait. It has also been supplying the Gulf state with LNG since 2010.