Private firm Kuwait Energy (KEC) only started producing in Iraq in Q4 2015, but Iraqi output is becoming an increasingly integral element of its portfolio. This is partly down to sliding production at its core Egyptian assets, but is primarily due to continued Iraqi gains. And with KEC prioritizing Iraq for investment, the gains are set to keep on coming.
KEC operates Block 9 in Iraq with a 60% stake and is partnered with Dragon Oil (a subsidiary of Dubai state firm Enoc) with 30%, and Egyptian state firm EGPC (10%). (CONTINUED - 921 WORDS)