09 Nov 2011
(MENAFN) Kuwait Energy Company reported 34 percent increase in third-quarter revenues, Arabian Business reported.
The privately owned oil and gas firm said revenues rose to USD47.9 million compared with the same period of last year, a three percent rise compared to the second quarter.
Kuwait Energy has operations in Egypt, Iraq, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan.
Kuwait Energy also said that average output for the quarter increased 5.2 percent to 13,568 barrels of oil equivalent from the previous quarter.
The company added two natural gas discoveries in Abu Sennan in Egypt’s Western Desert in the third quarter, making a total number of discoveries in Egypt to 13.
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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