Friday 26 December 2014
 
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DNO International

RAK Petroleum posts $22m Q1 profit

RAK Petroleum, an UAE-based energy investment company, said it has registered a net profit of Dh81.3 million ($22.1 million)  for the first quarter thus continuing its profitability into the fourth consecutive year. The company announ

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Norway oil firm seeks Iraq pay deal

Norway's DNO International said it has not yet been paid for nearly three months of oil exports from Iraq, but voiced hope its Kurdish partners would soon iron out a deal with Baghdad authorities over dividing oil revenues. Cash from s

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