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KUWAIT ENERGY PLC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
39
30.
SUBSIDIARY AND JOINT VENTURE COMPANIES
a)
The principal subsidiaries of the Company as at 31 December 2015 were as follows:
Company’s name
Ownership %
Country of
incorporation
Country of
operations
Type of activity
31.12.15 31.12.14
Kuwait Energy International Limited
100
100
Jersey
Egypt/
Yemen
Holding Company
Kuwait Energy Company
K.S.C.(Closed)
91.9 87.8 Kuwait
Kuwait
Exploration /
development/
production
KEC (Egypt) Ltd
100
100
British Virgin
Islands
Egypt
Development/
production
Kuwait Energy Egypt Ltd
100
100
British Virgin
Islands
Egypt
Exploration /
development/
production
Kuwait Energy (Eastern Desert)
Petroleum Services SAE
100
100
Egypt
Egypt
Exploration /
development/
production
KEC (Yemen) Ltd
100
100
British Virgin
Islands
Yemen
Exploration /
development/
production
Kuwait Energy AMED Yemen Ltd
100
100
British Virgin
Islands
Yemen
Exploration
Kuwait Energy Iraq Limited
100
100
British Virgin
Islands
Iraq
Exploration /
development/
production
KE Netherlands Coöperatief U.A.
100
100
Netherlands
Ukraine/
Latvia/
Russia
Holding Company
Jannah Hunt Oil Company Limited
100
100 British Virgin
Islands
Yemen
Development/
production
b)
The group has a 20% interest in Medco LLC. Medco LLC is the operator for Karim Small fields in Oman.
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