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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Kuwait raising BP stake depends on market conditions

Posted on 04 August 2010

From Bloomberg: Kuwait is satisfied with its stake in BP Plc and may increase its holding if market conditions are favorable, the Persian Gulf nation’s oil minister said.
“We already have a stake there,” Sheikh Ahmad al-Abdullah al-Sabah told reporters in Moscow today. “If Kuwait investment authorities see that there are more attractive opportunities, I am sure they will take them depending on the situation in the market.”………………………………………Full Article: Source

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