Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Taqa inks agreement to look for oil in Iraq's Kurdistan  Join our daily free Newsletter

MENAFN - 02/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Abu Dhabi National Energy's Co., (Taqa) CEO, Carl Sheldon, announced that the company inked a deal to explore oil in Kurdistan's Atrush block, reported Emirates 24/7.

Sheldon said that the agreement was inked with General Exploration Partners Inc. to acquire its 53.2-percent stake in the exploration contract.

He added that the deal with General, a subsidiary of Denver-based Aspects Holdings LLC., is expected to seal this month.

He noted that the agreement increases Taqa's portfolio in Iraq's Kurdistan, noting that the UAE firm bought a 50-percent share in the 1,000 MW gas-fired power plant in the region's Sulaymaniyah province in April.

It is worth noting that the Atrush block is located near Dahuk province, which is 430 kilometers northwest of Baghdad and one of 3 provinces that make up the Kurdish region.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help