RAK Petroleum Public Company, the energy investment company, has announced a net profit of Dh58.1 million ($15.81 million) for the year ended December 31, 2013, marking a fifth consecutive year of profitability.
Harvard Kennedy School (HKS) has announced the creation of the Mena Graduate Fellowship Fund underwritten by a $1 million gift from the Norwegian oil and gas company DNO International.
The fellowship will support qualified a
RAK Petroleum, a UAE-based energy investment company, said it had won approval from its shareholders to restructure the company and its subsidiaries and also seek a listing on an international stock exchange.
The proposed restruct
DNO International, the Norwegian oil and gas company, said it has entered into a production sharing contract (PSC) covering block SL18 onshore Somaliland adding substantial exploration acreage to its portfolio.
The President of Somali
RAK Petroleum, a leading oil and gas exploration and production company, has announced its third consecutive year of profitability registering a Dh15.7 million ($4.27 million) full year net profit for 2011.
Announcing the results for the y
A disgruntled shareholder group has sought a court injunction to block Norwegian oil company DNO's takeover of Emirates-based RAK Petroleum, a legal maneuver analysts said had little chance of success.
Rak Petroleum, a leading oil and gas exploration and production company, has posted a net profit of Dh91.8 million ($24.9 million) for the third quarter on a turnover of Dh107.2 million.
This profit figure for the quarter ended September 3
UAE-based Rak Petroleum Public Company said its merger with Norway’s DNO International was on track for close in early next year after the company won approval from its investors.
The Ras Al Khaimah-based company said its shareholders
Norwegian oil company DNO could buy more oil and gas assets in Iraq, Yemen, the UAE, Oman and Tunisia once it completes the $250 million acquisition of assets from UAE-based RAK Petroleum, said its chairman on Wednesday.
DNO had agreed to
Norwegian oil firm DNO International said it would buy oil and gas fields from UAE-based RAK Petroleum for $250 million of DNO stock, after pricing its shares towards the upper end of a previously announced range.
The company also said it