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Asharq Al-Awsat

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Asharq Al-Awsat

Kuwait KPC, Japan's Nippon Sign $1 Billion MoU to Enhance Economic Cooperation

KPC Kuwait Japan

An aerial view shows Kuwait city. Reuters

Kuwait Petroleum Corporation on Thursday signed a memorandum of understanding with the Japanese Nippon Export Investment Insurance (NEXI) to fund projects at a value estimated at one billion dollars.

KPC said in a statement that the MoU was inked to bolster bilateral relations between Kuwait and Japan and deepen economic and trade cooperation. It was co-signed by KPC Chief Executive Officer Sheikh Nawaf Saud Al-Sabah and a senior executive of the Japanese company.

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