EGYPT

EGYPT KEY TO KUWAIT ENERGY’S FORTUNES

Another firm which has seen production increase substantially in Egypt is independent Kuwait Energy Company (KEC), with output from its Egyptian assets more than doubling since 2011 (see graph).

The majority of that output comes from the East Ras Qattara permit in the Western Desert in which KEC holds a 49.5% working interest and is operated by Chilean state firm ENAP. Fourth quarter production at East Ras Qattara reached around 25,000...