Middle East Economic Survey

VOL. LII

No 31

3-Aug-2009

UAE

TAQA Expands Position In North Sea With Purchase Of DSM Energie

The Abu Dhabi National Energy Company (TAQA) announced on 29 July the conclusion of an agreement between its wholly owned subsidiary TAQA Energy BV and the Netherlands-based Royal DSM to purchase all shares of the latters wholly-owned subsidiary DSM Energie Holding. DSM Energie holds non-operating equity in oil and gas exploration and production licenses on the Dutch continental...