James Calderwood and Chris Stanton

Kuwait's energy sector is becoming increasingly isolated from foreign investment because of the deepening division between the government and parliament, experts warn, putting the country's goal of diversifying the economy in peril.

A new low in the country's relationship with foreign partners was reached last week when Dow Chemical said it would take legal action to collect at least US$2.5 billion (Dh9.18bn) from Kuwait for the last-minute cancellation of a $17.4bn petrochemical deal.

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Posted by boyang at January 10, 2009 4:55 PM