Dubai | Egypt Oil & Gas - Part 7
Lukoil Iraq Production Up Inspite of Oil Price Slump
The Russian company says it received a letter from Iraqi authorities to reduce cost in West Qurna-2 field due to slump in oil prices
ENOC in Bid to Buy Remaining Shares from Dragon Oil
Dragon Oil has been made an undisclosed offer for its entire share capital by fellow Dubai-based Emirates Nation Oil Company (ENOC).
Acwa Power in $400 million Dubai Solar Power Project
Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, chief executive Paddy Padmanathan said on Sunday.
Arabtec’s Target Awarded $253 million Contracts from Saudi Aramco.
Arabtec has won construction contracts in Saudi Arabia worth over $253 million (AED 930m) through its subsidiary Target Engineering Construction Company.
Enoc Plans for $1.5 billion Loan and Merger Activity
Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday.
