Kuwait Energy, a top independent oil and gas exploration and production company, has announced an oil discovery at its El Salmiya-2 well, located in its Abu Sennan concession in the Western Desert, Egypt.
Kuwait Energy is the oper
Kuwait Energy, an independent oil and gas exploration and production company in the Middle East, has reported a revenue of $77.6 miilion, up 51.8 per cent in its second quarter, as compared to the same period in 2012.
Kuwait Energy, a major oil and gas exploration and production firm, has announced a production increase at its East Ras Qattara (ERQ) Concession in Egypt, in which it holds a 49.5 per cent interest.
The announcement was made with
Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, said its revenue for the first quarter grew 8.6 per cent, year-on-year, to $64 million when compared to
Kuwait Energy, one of the fastest growing independent oil and gas companies in the Middle East, has registered a net profit of $44.9 million in 2012, up 29 per cent from $34.8 million the year before.
Announcing the results at the
Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, has announced a major production increase at the East Ras Qattara concession in Egypt, in which the company has a 49.5 per
Kuwait Energy says it is firmly fixed on pumping gas and finding oil in southern Iraq and will not risk aggravating Baghdad by seeking contentious deals with the northern autonomous region of Kurdistan.
Sara Akbar, chief executive
Iraq has approved an oil exploration deal with a Kuwait Energy-led group, a senior oil official said, to take the place of Turkey's state-owned TPAO, which the cabinet decided to expel.
Facing souring diplomatic ties with Turk
Qatar First Investment Bank (QFIB) said it will invest $150 million in Kuwait Energy Company to support the firm's expansion.
The deal is structured in the form of a convertible murabaha which will be used to boost Kuwait Ener
Seven energy firms, including Dubai-based Dragon Oil and Kuwait Energy, are likely to compete with Exxon Mobil Corp for the right to explore oil and gas blocks in northern Afghanistan, the country's Mining Ministry said in a statement.