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.
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
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
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
RAK Petroleum, a leading oil and gas company, has posted a net profit of Dh48.4 million ($13.17 million) for the quarter ended June 30 on turnover of Dh118.9 million.
The profit figure comes after equity accounting for its share of the pro