Kuwait Takes $1 Bln Loan to Explore Shale Reserves

[Marina Schwarz + 1,576]

Kuwait's taken a loan of $1.1 billion to explore its shale reserves. My first thought was "Wherever are they hiding these shale reserves?" but it turns out Kufpec has a rather extensive asset portfolio abroad, notably in Canada. From here. Interesting. Enough with the production cutting, let's grow!

[DanilKa + 443]

They have a source rock, Najmah kerogen. Not sure if that’s the investment target and can’t comment on its prospects.