KEC-LED CONSORTIUM TO SET UP STRATEGIC GAS PROJECTS IN YEMEN

SANA'A, April 19 (Saba) - Kuwait Energy Company (KEC) is to lead a
consortium to establish strategic projects in gas domain in Yemen,
the KEC Vice President of GCC Projects Abdulaziz Alkhowaiter said on
Monday.

Alkhowaiter said during his meeting with the Minister of Oil and
Minerals Amir Salim al-Aydarus that the company plans to expand its
investments in Yemen in oil area and utilize gas in a number of
industrial fields including electricity generation, petrochemical
industry and domestic gas.

The company intends to attract gulf investments to Yemen and to get
financings from gulf and international finance corporations to carry
out projects in Yemen in foresaid areas and infrastructure areas as
well.

During the meeting, al-Aydarus and Alkhowaiter reviewed the KEC plan
in gas industries and providing some governorates with gas via pipes
to supply factories with energy.

Welcoming the Kuwaiti investments in Yemen, al-Aydarus voiced the
ministry's readiness to offer all facilities and information that
would enable the company to identify the gas investment domains.

He said that Yemen has commercial quantities of natural gas need to
be exploited, calling on the company to study the available
investment opportunities in minerals in the country.

KEC began its investments in Yemen in 2008 after acquiring franchise
in three exploration blocks No. 15, 35 and 74 in Hadramout province.
The company also has shares in exploration blocks No. 82 and 82.

AF/AF