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Kuwait Energy’s Key Iraqi Assets Located in a
Stable Area
Kuwait Energy’s Siba asset will supply domestic gas for
power generation
Strong support from government to Kuwait Energy’s
operatorship of the largest gas resource in southern Iraq
Siba project on budget, enhancing Kuwait Energy’s
reputation in Iraq
Strong
Demand for
Domestic
Gas
South Oil
Company as
Offtaker
Southern
Iraq Secure
Southern Iraq produces ~3mmboepd
(1)
oil and has been
operating without interruption
Distant from areas of unrest
Homogeneous population and has been largely isolated from
conflicts over the last 10 years, wealthiest region in Iraq
Kuwait Energy enjoys strong government and local
relationships
South Oil Company (SOC) has a reputation of consistent
payments to IOC counterparties in Iraq
Majors operating as counterparties
Kuwait Energy’s remuneration may be in cash or kind, on
election by SOC
Context for Kuwait Energy
Siba and
Block 9
Mansuriya
(1) Source: IEA, Iraqi Oil Ministry.
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