Sunday 27 May 2018
 
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RAK Petroleum

RAK oil and gas concessions draw global interest

The tendering process to explore for oil and gas resources in Ras Al Khaimah has received positive interest on a global scale, said the chief executive officer of RAK Petroleum Authority. Launched on April 1 and managed by the new

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RAK Petroleum posts net profit of $54.8m for 2017

RAK Petroleum, the Oslo-listed oil and gas investment company, recorded a consolidated net profit of $54.8 million for the year 2017 as against a net loss of $7.3 million in 2016. At 31 December 2017, total cash and cash equivalen

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RAK Petroleum re-designates Class A shares

RAK Petroleum plc, the Oslo-listed oil and gas investment company, announced that, as the result of a shareholder's request to release the restrictions on its Restricted Class A Shares, 2,700,000 Restricted Class A Shares have been re-design

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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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