Kuwait Takes $1 Bln Loan to Explore Shale Reserves

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!

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

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