Middle East Economic Survey

VOL. XLVIII

No 34

22-August-2005

UAE

Sky Petroleum Completes Private Placement To Finance Mubarak Field Development

Texas-based Sky Petroleum announced on 12 August it had completed an $8mn private placement of shares as part of its financing plans for the Mubarak oil and gas development, which Sky is developing in partnership with Crescent Petroleum offshore UAE (MEES, 30 May). We are very pleased and encouraged to see the amount of investor confidence in Sky Petroleum...