Tuesday 29 July 2014
 
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oil search

PNG to pay off $1.48bn Abu Dhabi bond

Papua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on

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Abu Dhabi's IPIC signs $700m loan

Abu Dhabi government-owned International Petroleum Investment Company has signed a $700 million, three-year loan to back its purchase of a 17.6 percent stake in Oil Search Ltd, banking sources close to the deal said. The bullet term loan i

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Abu Dhabi takes $1bn stake in Oil Search

Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd, the company said. IPIC and the Papua New Guinea government, through its nominee,

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Three firms bid for Bahrain oil search

Bahrain has received bids from only three firms to explore for oil in the kingdom's waters, the country's oil minister said on Thursday. At least 18 companies had earlier expressed interest. Bahrain has previously explored for oil

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PNG to pay off $1.48bn Abu Dhabi bond

Papua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on

More…
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