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Article: Egypt : Kuwait Energy due IFC aid for Egypt.
- Article from:
- TendersInfo
- Article date:
- September 29, 2009
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Kuwait Energy Co. has secured $50 million from the International Finance Corp. for exploration and development in Egypt and Yemen and support of its environmental and social management activities.
In Egypt, KEC has interests in three onshore producing assets (Area A in the Gulf of Suez and the East Ras Qattara and Burg el Arab concessions, both in the Western Desert), one development asset (Abu Sennan in the Western Desert), and an early exploration asset (Block 6 in Southern Egypt).
In Yemen, KEC has one producing asset (Block 43, onshore, Central Yemen) and interests in six exploration assets, all onshore in Central Yemen with the exception of Block 15 ...