Middle East Economic Survey
VOL. LII
No 49
7-Dec-2009
UAE
ENOC Affirms Commitment To Dragon Oil Shares Purchase Despite Dubai Debt Crisis
Emirates National Oil Company (ENOC), in a statement posted on the Dragon Oil website on 2 December, expressed its commitment as a long-term majority shareholder in Dragon Oil, which operates Turkmenistans offshore Cheleken Contract Area. An independent committee of UAE-based Dragon Oil recommended in November that shareholders accept an offer put forward by...
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