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Kuwait has abolished its state-owned Oil Sector Services Company after two decades.
Analysts said the OSSC closure was the latest move in an overhaul of Kuwait’s oil sector approved in 2024. The government aims to cut costs and streamline operations by merging and abolishing subsidiaries under the control of the Kuwait Petroleum Corporation (KPC).
Oil minister Tareq Al Roumi issued the decision to liquidate OSSC, which provided support services to oil workers and their families. Local liquidators will now complete the dissolution,…
