Kuwait Energy Records 35% Increase in 1H12 Revenues

Oil and gas independent Kuwait Energy Company (KEC) has posted a strong set of figures for 2Q12, on the back of a 31% increase in daily average production relative to 2Q11, and recent exploration successes in Egypt, the company announced on 1 August. This falls in line with the company’s growth strategy within its “existing operations and [operations] in the MENA region.”