Middle East Economic Survey

VOL. LIV

No 37

12-Sep-2011

UAE

RAK Petroleum MENA Subsidiaries To Be Merged Into DNO

UAE exploration and production company RAK Petroleum announced on 5 September that the boards of directors of both Oslo-based DNO International and RAK had agreed to a merger between the two companies. Following the completion of due diligence procedures and an agreement on relative valuations, the boards signed documents on 3 September to merge RAKs oil and gas operating...