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FINANCIAL NEWS
Kuwait Energy posts 29% increase in profit last year
22 Apr 2013
(MENAFN) Kuwait Energy executive chairman, Dr Manssour Aboukhamseen, announced that yearly profit increased 29 percent from 2011, reaching USD44.9 million in 2012, reported Khaleej Times.
The Energy giant attributed the rise to delivering a 32 percent boost in oil output, registering a daily record of about 17,966 barrels of oil per day.
The company expects a further jump in production due to the discovery of oil reserves in Egypt and Oman.
It is worth noting that Kuwait Energy is one of the largest independent energy companies in the region.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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