Kuwait Energy completes Abu Sennan partial divestment, remains majority holder with 50% ownership stake, and operatorship

23 - April - 2011

Kuwait, 23 April 2011 -- Kuwait Energy Company, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today announced that it has reduced its equity stake in the Abu Sennan concession in Egypt from 72% to 50% through the sale of a 22% stake to the Australian company, Beach Energy Limited. With the sale now concluded, Kuwait Energy continues to hold the majority interest and operatorship in the concession.

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Kuwait Energy reports fourth quarter 2010 activities Fourth Quarter EBITDA of USD36.4 million, up 90.6% from same period last year

05 - February - 2011

Kuwait, Feb 5, 2011 - Kuwait Energy Company KSCC, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, today issued its fourth quarter 2010 activities report announcing unaudited earnings before interest, taxes, depreciation, and amortization (EBITDA) of USD36.4 million.

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Kuwait Energy completes acquisition of two oil fields in Russia

17 - January - 2011

Kuwait, 17 January 2011: Kuwait Energy Company KSCC (“Kuwait Energy” or “the Company”), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced that it has completed the acquisition of Pechora Energy Company LLC and OJSC VIK, which own the two Russian oil fields, Luzskoye and Chikshina, from Concorde Oil and Gas Limited.

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