KUWAIT ENERGY plc GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2012
F-111
28.
SUBSIDIARY COMPANIES
The principal subsidiaries of the Company at 31 December 2012 were as follows:
Company’s name
Ownership %
Country of
incorporation
Country of
operations
Type of activity
2012
2011
KEC (Egypt) Ltd
100
100
British Virgin
Islands
Egypt
Exploration /
development/
production
Kuwait Energy Egypt
Ltd
100
100
British Virgin
Islands
Egypt
Exploration /
development/
production
KEC (Eastern Desert)
Petroleum Services
SAE
100
100
Egypt
Egypt
Exploration /
development/
production
Kuwait Energy
Yemen Ltd
100
100
British Virgin
Islands
Yemen
Exploration /
development/
production
Kuwait Energy Iraq
Limited
100
100
British Virgin
Islands
Iraq
Exploration /
development/
production
Kuwait Netherlands
Cooperative
100
100
Netherlands
Ukraine/
Latvia/
Russia
Holding
Company
Kuwait Energy
Ukraine
100
100
Ukraine
Ukraine
Exploration/
Production
Pechora Energy
Company
100
100
Russia
Russia
Exploration/
Production
Kuwait Energy
Pakistan
Ltd
100
100
British Virgin
Islands
Pakistan
Exploration
The group has a joint venture interest of 20% in Medco LLC Oman. Medco LLC Oman is the operator for Karim
Small fields in Oman.
