Middle East Economic Survey


No 16



RAK Petroleum Takes Over Indago Stakes In Two Concessions In Oman

RAK Petroleum of the UAE has taken full control of two more exploration concessions in Oman of which it was already operator, less than a week after it bought Eagle Energy (Oman) Limited and its 10% interest in Omans Block 8 from the UKs Heritage Oil Limited for $28m (MEES, 13 April). On 13 April it announced it was acquiring two concessions from Indago Petroleum of the UK,...