Kuwait Energy announces an agreement has been reached with Hong Kong-based United Energy Group for the sale of the issued share capital of KE for nearly USD 0.5 bn cash. KEâs assets in Iraq and Egypt will be impacted although its HQ will remain in Kuwait. UEG operates in China + Pakistan (in the latter, ex-BP Pakistan rights, and UE recently here also recently signed with OMV for buying its assets through subsidiary Dragon Prime). www.kuwaitenergy.co.
Kuwait Energy announces an agreement has been reached with Hong Kong-based United Energy Group for the sale of the issued share capital of KE for nearly USD 0.5 bn cash. 