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Sunday, May 19 2013
Sudan Stalemate
LESS than a year after South Sudan declared its independence, it appears headed for war once again with its northern neighbour, Sudan. At the same time, marginalised northerners are rebelling against the government of Sudan's president, Omar...
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Kuwait’s oil firm withdraws Ithaca Energy bid

REUTERS

KUWAIT

KUWAIT’S national oil company has walked away from takeover talks with North Sea-focused oil and gas explorer Ithaca Energy, a Kuwaiti daily reported on Sunday.

Kuwait Foreign Petroleum Exploration, the international arm of Kuwait Petroleum Corporation (KPC), was not immediately for comment on the report in al-Seyassah newspaper which cited highlevel unnamed sources in KPC.

“Kuwait closed the door to negotiation completely,” the newspaper quoted a source as saying.

London’s Sunday Times reported in March that the Kuwaiti group was in advanced takeover talks with the company, which is also listed in London.

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