Middle East Economic Survey

VOL. LIV

No 36

5-Sep-2011

UAE

RAK Petroleum Updates On Operations, Reports 2Q11 Profits

UAE-based oil and gas exploration and production company RAK Petroleum on 29 August reported its financial results for the second quarter of 2011, announcing also that it has begun deepening its Saleh-5 well offshore Ras al-Khaimah as part of the Saleh field redevelopment. RAK Petroleum Chairman and CEO Bijan Mossavar-Rahmani said the company had spudded an exploration well on...