Middle East Economic Survey

VOL. LII

No 19

11-May-2009

EGYPT/KUWAIT

Kuwait Energy Company Reports Second Egyptian Oil Discovery

Kuwait Energy Company (KEC) announced an oil discovery last week at Shukhair NW license (Area A) in Egypts Eastern Desert, one of a number of producing and exploration licenses that the independent Kuwait firm bought from Australias Oil Search last year. KEC said the discovery had a production rate of 2,200 b/d on test and estimated reserves of 11mn barrels of oil, and...