Egypt has provided more than 50% of Kuwait Energy’s production since 2009 but Iraqi output is rapidly closing the gap as the firm eyes a London IPO.

Private firm Kuwait Energy (KEC) only started producing in Iraq in Q4 2015, but Iraqi output is becoming an increasingly integral element of its portfolio. This is partly down to sliding production at its core Egyptian assets, but is primarily due to continued Iraqi gains. And with KEC prioritizing Iraq for investment, the gains are set...