Taqa | Egypt Oil & Gas - Part 2
TAQA to Construct 180 Natural Gas Stations in Three Years
The CEO of TAQA Arabia, Khaled Abu Bakr, stated that the company will build 180 natural gas station with investments of about EGP 3.6 billion from 2021-2023, according to the Kelma Akhira program presented by Lamees E...
Saudi Arabia’s ARGAS to Expand Operations Globally
Saudi Arabia-founded Arabian Geophysical and Surveying Company (ARGAS), the largest seismic acquisition company in the Middle East and North Africa (MENA) region, is to expand its business internationally, according t...
TAQA’s Net Profits Dip 54% in 9 Months
Abu Dhabi National Energy Company, TAQA, announced that the consolidated net profit for the nine-month period ended on September 30, 2019, was negatively impacted by unfavorable mark-to-market movements generated by a...
TAQA Issues $500 MM Bonds
Abu Dhabi National Energy Company, Taqa, has announced that it has finalised the issuance of $500 million in bonds, Zawya reported. The 30-year bonds will carry a coupon and re-offer yield to maturity of 4%, which is ...
TAQA Sets New Production Record in Atrush Field
The Abu Dhabi National Energy Company (TAQA) announced that its Iraq-based unit has set a production record from the Atrush oilfield in the Northern Kurdistan Region of Iraq (KRI), Reuters reported. “For the first tim...
TAQA to Acquire Two US Companies
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two North America-based companies, working in the areas of oilfield services technology and manufacturing, by the end of 2019, Pipel...
ADC to Acquire Schlumberger’s Middle East Onshore Drilling Business
Arabian Drilling Company (ADC), a drilling subsidiary of Saudi Arabia’s Industrialization and Energy Services Company (TAQA), plans to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman,...
TAQA Arabia and Castrol Establish New Joint Venture
Qalaa Holdings has announced the establishment of a new joint venture between its subsidiary TAQA Arabia and BP subsidiary Castrol with EGP 20 million capital, Egypt Oil & Gas reported. TAQA currently has exclusiv...
