KUWAIT/YEMEN/EGYPT/IRAQ

Kuwait Energy Set For Continued Growth In 2013
 
Independent MENA-focused upstream firm Kuwait Energy (KEC) is set to expand its asset base in 2013 as it continues to assess the possibility of an initial public offering on the London Stock Exchange. 
 
KEC profits rose by 29% to $45mn for 2012, whilst sales rose 26% to $225mn. The company’s total working interest production hit almost 18,000 barrels of oil equivalent per day (boe/d), up 32%...