Sheikh Ahmad al-Abdullah al-Sabah, Kuwait's oil minister, has expressed interest in taking on a strategic stake in Indian Oil Corporation (IOC), subject to economic feasibility.

Following an executive-level meeting with IOC personnel, Mr al-Sabah told reporters that IOC's recent divestment announcement attracted much interest in Kuwait's public oil sector.

"If it is offering a certain per cent to strategic investors, we are interested in such a proposal, subject to feasibility studies and economics of such an offer," he told the Hindu Business Line.

However, he stressed that the investment would have to hold strategic value, affording Kuwait a substantial stake in IOC's extensive field of operations.

During the talks, the two parties also discussed potential oil training and technology transfer opportunities, the minister also confirmed.

Indian Oil provides extensive industrial, commercial and retail fuel solutions covering all major product sectors including lubricants, bitumen, heating oil and driving, bunker and marine fuels.

Oil and Gas Directory: Training and Development