Monday 22 December 2014
 
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RAK Petroleum

RAK Petroleum increases Côte d’Ivoire stake to 9pc

RAK Petroleum, the Oslo-listed oil and gas investment company, has increased its stake in Côte d’Ivoire Block CI-27 to 9.1 per cent following the acquisition by Foxtrot International and other members of a joint venture.

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RAK Petroleum to list on Oslo bourse; plans IPO

RAK Petroleum, an energy investment company based in the United Arab Emirates, said it aimed to list on the Oslo exchange and raise $25 million in an initial public share offering (IPO). The firm said on Monday it would offer shar

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RAK Petroleum posts $15.81m net profit

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. The company’

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RAK Petroleum wins approval for restructuring

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

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RAK Petro posts $74m profit in 2012

  RAK Petroleum, a UAE-based energy investment company, said the company has registered its fourth consecutive year of profitability netting a Dh271.6 million ($73.9 million) profit for the year end

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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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RAK Petro announces third year of profit

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

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DNO shareholder seeks to block RAK takeover

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.      DNO, w

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Rak Petroleum posts $24m Q3 profit

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

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Rak Petroleum sees DNO merger early next year

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

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