UAE

RAK Petroleum And DNO International Complete Merger

UAE exploration and production company RAK Petroleum announced on 10 January that it had completed the merger of its Middle East and North Africa (MENA) operating subsidiaries into Oslo-based DNO International. The transaction, according to an independent assessment of the two companies’ oil and gas assets made by US-based petroleum consultants DeGolyer and MacNaughton, values RAK Petroleum’s operating subsidiaries at...