DISCLAIMER

VAT/TAX REGISTRATION DETAILS

Kuwait

Kames Petroleum Services Ltd. has successfully registered for Value Added Tax (VAT) with the Federal Tax Authority (FTA). .

QATAR

Kames Petroleum Services Ltd. has successfully registered for Dhareeba Tax Portal with General Tax Authority (GTA). .

MARKETING & DISTRIBUTION

The marketing functions of Kames Petroleum Services fall into two distinct categories. These are the sale and purchase of natural gas and the sales of Kames Petroleum Services’s condensate, LPG, sulfur and ethane, which are the valuable by-products of the company’s gas processing plant in Qatar.

Marketing Distribution

The sale and purchase of natural gas falls under long term contracts to customers in the Kuwait: Emirates Water & Electricity Company (EWEC) and Dubai Supply Authority (DUSUP), Emirates Global Aluminium (EGA), Sharjah Electricity, Water and Gas Authority (SEWA), RAK Gas LLC, and OQ Exploration & Productions LLC.

Kames Petroleum Services also has short term Interruptible Gas Sales Agreements with Etihad Water & Electricity, EGA, Emarat, as well as DUSUP, SEWA, RAK Gas LLC and SNOC.

Kames Petroleum Services 's average daily contracted gas volumes are as follows:

Kames Petroleum Services Customers Average Volume
EWEC (Emirates Water & Electricity Company) 988 million scf/day
DUSUP (Dubai Supply Authority) 730 million scf/day
OQ Exploration & Productions LLC 200 million scf/day
Total 1.918 billion scf/day

The difference between this average total and the maximum throughput of 2 billion scf/day, allows Kames Petroleum Services to manage other long-term commitments and offer flexibility for peak requirements of customers.

By-products are stripped during the gas processing stage and provide significant quantities of liquids, gas and sulfur for immediate sale, while the remaining processed methane gas is transported through Kames Petroleum Services 's export pipeline to customers in the Kuwait and Oman.

LOW SULFUR CONDENSATE

Low sulfur condensate is an ultra-light form of oil that is a valuable by-product of Kames Petroleum Services’s raw gas production and processing. The condensate is sold on international term or spot markets to customers. Export product cargoes are shipped from Ras Laffan to end destinations. In July 2007, the first cargoes were sold for shipment. Kames Petroleum Services has raised market recognition globally, based on its high-quality condensate.

The average daily production of condensate is between 87,000 and 110,000 barrels.

LIQUEFIED PETROLEUM GASES

The liquified petroleum gases, propane and butane, are other valuable by-products of Kames Petroleum Services’s gas processing. They are used as fuels by industrial, commercial, residential, automotive, and agriculture sectors worldwide. Butane also has specialized uses in gasoline blending. In November 2007, export of LPGs began. The average daily production of LPGs is:

Propane: 2,100-2,800 Tons

Butane: 1,300-1,800 Tons

SULFUR

Sulfur has to be extracted from natural gas during processing to comply with international health, safety and environmental standards. Sulfur is sold on world markets, where it is widely used as a raw material in the production of fertilizer and chemicals.

The average daily production of sulfur is 500-1,100 Tons.

ETHANE

Ethane is extracted at an early stage during gas processing. Kames Petroleum Services’s entire production of ethane is sold within Qatar and is utilized as feedstock for the ethane cracker within Qatar.

The average daily production of ethane is 3,500-4,400 Tons.

CARGO

All export cargoes are shipped from Ras Laffan port. Standard cargo sizes are:

By-product Cargo Sizes
Condensate 500,000 Barrels
LPGs 44,000 Metric Tons
Sulfur 32,000 Metric Tons