KWUAIT, Jan 24 (KUNA) -- Kuwaiti Noor Financial Investment CompanyNoor Financial Investment Company said on Saturday that it has completed procedures for the establishment of a joint venture with Russia "Gazprom Giovezeka" of the Russian gas company Gazprom.
The establishment of the new company comes as part of implementing an earlier agreement between the two sides which would set up two companies one in Russia and one in Kuwait under one joint company, Noor InvestNoor Invest Vice President and Member of Board of Directors Nasser Al-Murri told KUNA.
Al-Murri said the joint venture in Russia will work under Gazprom company, one of the most specialized companies in oil and gas in the world and will control a share of 51 percent of its shares, while NoorNoor will control 49 percent of the shares.
No comments:
Post a Comment