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KUWAIT ENERGY plc
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
For the six months ended 30 June 2014
57
32.
SUBSIDIARY COMPANIES
The principal subsidiaries of the Company at 30 June 2014 were as follows:
Company’s name
Ownership %
Country of
incorporation
Country of
operations
Type of
activity
30.06.14 31.12.13 31.12.12 31.12.11
KEC (Egypt) Ltd
100
100
100
100
British Virgin
Islands
Egypt
Development
/ production
Kuwait Energy Egypt
Ltd
100
100
100
100
British Virgin
Islands
Egypt
Exploration /
development/
production
Kuwait Energy (Eastern
Desert) Petroleum
Services SAE
100
100
100
100
Egypt
Egypt
Exploration /
development/
production
Kuwait Energy Yemen
Ltd
100
100
100
100
British Virgin
Islands
Yemen
Exploration /
development/
production
Kuwait Energy Iraq
Limited
100
100
100
100
British Virgin
Islands
Iraq
Exploration /
development/
production
KE Netherlands
Coöperatief U.A.
100
100
100
100
Netherlands
Ukraine/
Latvia/
Russia
Holding
Company
Kuwait Energy Ukraine
-
100
100
100
Ukraine
Ukraine
Exploration/
Production
Pechora Energy
Company
100
100
100
100
Russia
Russia
Exploration/
Production
Kuwait Energy Pakistan
Ltd
100
100
100
100
British Virgin
Islands
Pakistan
Exploration
Jannah Hunt Oil
Company Limited
100
100
-
-
British Virgin
Islands
Yemen
Development
/production
The group has a 20% interest in Medco LLC. Medco LLC is the operator for Karim Small fields in Oman.