REGIONAL

Energy Stocks: Companies Focus On Debt Restructuring

Petrochemical and energy companies in the Gulf are starting off the year with a focus on debt restructuring. The Abu Dhabi Energy Company (TAQA) is planning to issue a bond this year after issuing two bonds worth a total of $1.5bn in December. The company also reached an agreement in late December to sell its oil and natural gas assets in Canada, with “the sale anticipated to close in March 2012,” TAQA stated in a...