Middle East Economic Survey


No 6



Aabar Petroleum To Buy 48% Of Pearl Energy From Austindo

The UAEs Aabar Petroleum Investments Company announced on 29 January that it plans to buy a 48% stake in Pearl Energy from the Indonesian-based Austindo Group. Aabars purchase of Pearl Energy will further its aim to build a strong business in oil and gas exploration, drilling and production. Pearl Energy is a Singapore-based oil and gas company involved in exploration, development...