Kuwait Energy, the private oil and gas producer focused on the Middle East and North Africa (Mena), may defer plans for an initial public offering (IPO) of its shares on the London Stock Exchange amid regional political unrest.
The company may also be forced to delay planned oil and gas exploration in Yemen but is forging ahead with projects in Iraq and Egypt.
"We've always said our IPO will be subject to market conditions and we know the market conditions aren't ideal as far as the Middle East region is concerned," said Paul Ditchburn, the vice president of planning and portfolio management at Kuwait Energy.
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