Sunday 21 December 2014
 
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Abu Dhabi National Energy Company

Taqa targets $20m saving with HQ restructure

Abu Dhabi National Energy Company (Taqa), an international energy and water company, aims to reduce general and administrative costs by more than $20 million in 2014 with a reorganisation at its headquarters. “The corporate

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Taqa ranked top UAE energy firm by Forbes

The Abu Dhabi National Energy Company (Taqa), the global diversified energy company, was ranked the top UAE energy firm by Forbes magazine. It was also ranked second out of energy companies ranked as part of Forbes Middle East mag

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Taqa begins restart of UK brent oil flow

Abu Dhabi National Energy Company (Taqa) said it has begun the process of restoring the flow of an estimated 80,000 barrels per day (bpd) of crude oil in Britain's Brent pipeline system, which forms part of the global Brent oil benchmark.

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Abu Dhabi Taqa inks $2.5bn syndicated loan

Abu Dhabi National Energy Company (Taqa) has signed a $2.5 billion syndicated loan after launching the deal at $2 billion in October, the 10 arranging banks said in a statement. The deal is a boost for international banks hungerin

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Taqa launches two-tranche $2bn bond

Abu Dhabi National Energy Company (Taqa) launched a $2 billion two-part bond on Wednesday, arranging banks said, with final pricing tighter than earlier indicated due to strong demand for the deal. The company, 75-per cent owned b

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Taqa eyes dual-tranche bond

Abu Dhabi National Energy Company (Taqa) is preparing to price a two-tranche dollar-denominated bond issue, maturing 2018 and 2023, after roadshows conclude on Tuesday, arranging banks said. Taqa, which is 75-per cent owned by the

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Taqa buys key stake in Kurdistan oil block

Abu Dhabi National Energy Company (Taqa) has signed an agreement to acquire a 53.2 per cent interest in the Atrush block in the Kurdistan region of Iraq from General Exploration Partners, an affiliate of Aspect Holdings. Taqa, which is

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Taqa swings to Q3 loss on low gas prices

State-owned Abu Dhabi National Energy Company (Taqa) has announced plans to cut its spending in North America by 30 per cent in 2013 after swunging to a third-quarter loss, hurt by increased costs and lower natural gas prices, which offset a ris

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Taqa eyes Iraqi Kurdistan oil stake

Abu Dhabi National Energy Company (Taqa) is in advanced talks to buy a stake in an oil block in Iraqi Kurdistan via joint-venture firm General Exploration Partners (GEP), industry sources said. GEP is a joint venture between priva

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Taqa plans to spend $2.2bn in 2012

Abu Dhabi National Energy Company (Taqa), the energy and utility firm which is 75-per cent owned by the Abu Dhabi government, said it was on track to make capital expenditures of $2.2 billion this year. The Abu Dhabi firm said its net p

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