KIPC is a private company registered in the Dubai International Financial Centre. The precursor company was initially de-merged in April 2007 from the Persia Petroleum Services plc (‘PPS’), an oil and gas services group based in Iran. KIPC has identified Iran as a country of opportunities as there are significant undeveloped oil and gas resources within the country and the National Iranian Oil Company is being proactive in securing partners to help develop these resources. Through its controlling interest in its Iranian subsidiary, KIPC Iran, and the reputation acquired by PPS over the years, KIPC has secured a Service Contract for the joint development of the Mond, Kaki and Bushgan oil fields, located onshore...