KUWAIT (Reuters) - Kuwait Energy Company (KEC) has signed a partnership agreement with the Somali government and Indonesia's PT Medco Energi Internasional Tbk to set up a state oil firm in Somalia, KEC's chief executive said.
Under the terms of the agreement, the Somali government would own 51 percent of the Somalian National Petroleum Corp (SNPC), while the rest will be divided between KEC and Medco, KEC's Sara Akbar told CNBC Arabiya television channel late on Monday. more..http://africa.reuters.com/business/news/usnBAN938208.html
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