Tri-Ocean Energy

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Type Government-owned Corporation
Founded 2006
Headquarters Safat, Kuwait
Key people Mohamed El Ansary (Chief Executive Officer)
Services Oil and gas exploration and production, trading and shipping, oil derivatives, renewable energy
Employees 53

Tri-Ocean Energy is a privately-owned energy company active in oil and gas exploration and production, trading and shipping of oil and oil derivates and renewable energy.[1] The company is a subsidiary of Egypt Kuwait Holding (EKH), the investment arm of the Kuwaiti Kharafi group in Egypt. EKH holds 76.86 percent of Tri-Ocean; another Kharafi affiliate owns about 10 percent, and Egypt's Commercial International Bank owns 14 percent of the company.[2]

The company was established in 2006, and has since become one of the first privately-owned, vertically integrated energy companies in the Middle East and North Africa. According to the Egypt Kuwait Holding website in July 2012, Tri-Ocean Energy was involved in oil exploration and production in South Sudan, Sudan, Egypt and Syria.[3]

References

  1. "Tri-Ocean Energy" Egypt Kuwait Holding website, Retrieved 5 July 2012.
  2. "Egypt Kuwait Hldg buys 5 pct of Sudan's Petrodar" Reuters, Retrieved 5 July 2012.
  3. "Tri-Ocean Energy" Egypt Kuwait Holding website, Retrieved 5 July 2012.