RIYADH, Nov 4 (Reuters) - The heads of the state-owned Kuwait Oil Company (KOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec) will swap positions, Oil Minister Ali al-Omair said on Wednesday.

"There is a decision to circulate the management, yes," he told Reuters when asked about reports on whether there was a switch between the CEOs of the KOC and Kufpec.

KOC head Hashem Hashem will become CEO of Kufpec, whose boss Sheikh Nawaf al-Sabah will become CEO of the KOC.

(Reporting by Rania El Gamal; writing by Noah Browning; editing by Jason Neely) ((noah.browning@thomsonreuters.com;))

Keywords: KUWAIT OIL/