KUWAIT

Kuwait Energy Gets Iraq Reserve Boost, Output Up

Private sector firm Kuwait Energy (KEC) is planning to fast-track the development of Block 9 in southern Iraq. Two discoveries there last year were the firm’s largest to date and helped treble KEC’s P2 reserves to 671mn barrels of oil equivalent (boe) at end-2014. Block 9 alone accounts for 507.5mn boe. KEC posted record annual working interest production of 25,252 b/d for 2014, up 8% on 2013. Output rose further to 26,820...