Middle East Economic Survey

VOL. LI

No 31

04-Aug-2008

yemen

Kuwait Energy Company To Invest $100Mn In Yemen

Kuwait Energy Company (KEC) will invest $100mn on its interests in Yemen newly acquired from Australias Oil Search, a KEC official told MEES. The Kuwaiti company will invest $30mn in 2008, most of which will be dedicated to 2D and 3D seismic surveying and processing of data. Following this preparatory work KEC will decide on the location and number of exploration wells to be drilled (both...