ENERGY & RESOURCES

CLEAN AND RENEWABLE ENERGY & OTHER RESOURCES
Transforming Towards a Cleaner and More Effecient World

Kingdom Energy & Resources Group

Natural Resource Management

Kingdom Energy & Resources Group (KERG), an ambitious energy and natural resource investment company focused on unlocking the untapped potential of the Horn of Africa, Middle Africa, and West Africa regions. Our mission is to harness the abundant natural resources found in these areas, including vast oil and gas reserves, as well as mines and minerals, while also spearheading research and development efforts in renewable and alternative energy sources. Through strategic partnerships, exploration activities, and investments in critical infrastructure projects, KERG aims to establish itself as a key player in the energy and mining sectors, driving regional growth and sustainable development.

The Horn of Africa, Middle Africa, and West Africa regions boast significant natural resource wealth, making them prime locations for the exploration and extraction of energy as well as mines and minerals. The Horn of Africa, for instance, is home to substantial untapped oil and gas reserves, with estimated potential resources of over 50 billion barrels. Similarly, Middle Africa and West Africa have long been recognized as major players in the global energy market. Hosting vast oil and gas fields as well as rich mineral deposits, these regions continue to attract investments and interests from industry stakeholders worldwide.

At KERG, we recognize the immense potential that lies within these resource-rich landscapes, and we are committed to unlocking their value to meet the growing energy demands and mining needs of the region. With increasing energy consumption and a drive towards sustainable practices, the needs for responsible resource management, investment in renewable and alternative energy sources, and efficient mining practices have never been more crucial.

Our business objectives are centred around acquiring and developing natural resource assets, including oil and gas reserves, mines, and minerals, conducting comprehensive exploration activities to identify new prospects, collaborating closely with local governments to ensure responsible resource management, and spearheading construction and development projects for essential energy and mining infrastructure. As part of our commitments to sustainability and the development of an eco-friendly future, we also engage in research and development initiatives that focus on renewable and alternative energy solutions.

Business Activities

KERG aims to identify, acquire, and optimize existing natural resource assets, particularly oil and gas blocks, and mines. This involves conducting thorough assessments of these assets, evaluating their commercial viability, and strategically investing in projects that have the potential for significant returns. In addition to existing resources, KERG is also committed to conducting extensive exploration activities to identify new natural resource prospects. Through geological surveys, seismic studies, and other exploration techniques, the company will actively seek out untapped resources and evaluate their potential for extraction and commercialization.

KERG plans to undertake construction and development projects related to oil and gas extraction, urbanization and agriculture. This includes activities such as drilling, well development, and digging for oil reserves. KERG will focus on construction of crucial infrastructure for the oil and gas industry. This includes the development of pipelines to transport extracted resources over long distances, the establishment of refineries for processing raw materials into valuable products, the construction of ports to facilitate international trade, and storage facilities to ensure adequate supply and distribution.

Recognizing the importance of sustainability and the global shift towards cleaner energy solutions, KERG is dedicated to investing in research and development initiatives focused on renewable and alternative energy sources such as solar power, wind energy, biofuels, and other emerging renewable energy technologies. By allocating resources to these endeavours, KERG aims to identify innovative technologies, promote energy efficiency, and contribute to a greener future.

Key Subsidiaries & Ventures

Poly-GCL Petroleum Group Limited

LNG Exploration and Extraction in Calub, Ethiopia

Kingdom Investment Corporation Limited acquired majority shares of Poly-GCL to develop the gas fields at Calub, Hilala, and Dohar areas in Ethiopia. The project involves the construction of gas pipelines to connect the gas fields with Djibouti and Port Barbera, as well as other transportation infrastructure. The investment will also include regional economic development programs that involve collaborations with local government authorities and communities.

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Ayers Resources Africa Pte Ltd

Natural Resource Investment and Sovereign-level Asset Management in Somaliland

Kingdom Investment Corporation Limited, driven by its dedication to the regional development of the Horn of Africa region, has acquired the services of Ayers Resources Africa Pte. Ltd. in Singapore to actively explore investment opportunities in the oil and gas sector and energy development in Somaliland. Currently, promising discussions are underway to establish a gas pipeline to connect Ethiopia's Calub, Hilala, and Dohar gas fields with the Berbera port of Somaliland. This ambitious project encompasses the construction of an LNG facility and an oil refinery at the Berbera port, further amplifying its significance in the oil and gas sector.

With a focus on utilizing development investment funding from KICL sovereign asset funds, the company has successfully identified an investment opportunity in Somaliland that will contribute to the rebuilding of Somaliland. This initiative seeks to fill the funding gap of the national plan, which amounts to Euro 2.5 billion, payable over the course of five years starting in 2023. The journey begins by harnessing the activation of natural resources in the region and subsequently transitioning into a phase of economic development backed up natural resources. Additionally, the company aims to establish public-private partnerships with the Somaliland government, allowing it to offer valuable advice on natural resource management, sovereign asset management, and treasury matters. This collaborative effort seeks to lay a robust foundation for future development.

The Somali basin, encompassing Somaliland and Somalia, has significant potential in offshore and onshore reserves. As assessed in 2016, these reserves are comparable in scale to those found in Kazakhstan, positioning the region as the 18th or 19th largest reserve globally. Geological conditions further support the belief that the area harbours commercially viable deposits, making it an attractive destination for oil and gas investments.

CCECC Ethiopia Construction PLC

Oil and Gas Prospects in Puntland

Kingdom Investment Corporation Limited signed an MOU with CCECC Ethiopia Construction PLC, a subsidiary of China Civil Engineering Construction Corporation (CCECC), to initiate the M&A process for Puntland (Somalia) construction and oil extraction projects. CCECC is a Chinese state-owned enterprise that specializes in infrastructure construction. With KICL’s expertise in oil and gas, this joint venture will become a win-win for both enterprises.

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Sonagas SAE Gas Gathering Limited

LNG Exploration and Extraction in Equatorial Guinea

KICL formed a joint venture with Sonagas SAE Gathering Limited, a subsidiary of government-owned Sonagas GE, to invest in the exploration and extraction of LNG, as well as the development of port facilities and development zones in Equatorial Guinea. The project is highly recognized by the local government and presidential office. KICL has made a total commitment of Euro 2B, payable over the course of a few years starting in 2024 and it has been budgeted for in the government’s financial plan.

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Kingdom Logistics and Transportation Limited

LNG and Crude Oil Logistics

KINGDOM LOGISTICS – Our aim is to become the leading logistics and supply chain management company in the world. As the world becomes increasingly aware of the importance of sustainability, we believe Green Logistics is essential in every single process of the supply chain. Here at KICL Logistics, to align with the commitments of KICL in sustainable investment, we are dedicated to providing high-value, one-stop green supply chain solutions, including 3PL, land transport, and sea freight, to our business partners worldwide, doing our part to promote and contribute to the green transformation of the industry.

KINGDOM ENERGY SHIPPING – We are a specialized company engaging in the shipment of energy including oil and natural gas. Our mission is to provide safe and efficient energy transportation services to support KICL’s strategy in the energy sector. We are currently developing our sustainable maritime transportation capacity by building our very own fleet of vessels covering LNG, LPG, and EN590 carriers. As we gradually become a leading player of energy transportation in the global market, the transportation services could also be offered to the world’s top energy companies.

Kingdom Mines and Minerals Investment Limited

Mines and Minerals Exploration and Investment

Kingdom Mines and Minerals Investment Limited is a leading global mining company committed to responsible and sustainable practices. We explore, extract, process, and market a wide range of minerals, all while placing a strong emphasis on environmental protection and community development. With a team of experts and strategic partnerships, we strive to maximize value for stakeholders while adhering to the highest industry standards. Kingdom Mines and Minerals Investment Limited aims to contribute to the economic growth and societal development of the regions we operate in.