Middle East Economic Survey

VOL. LIII

No 22

31-May-2010

MEESAgenda

Independents Growing In Importance For Gulf Oil And Gas Developments

Gulf area independent oil and gas companies have made a series of recent acquisitions and discoveries, highlighting their growing role in the Middle East. UAE-based RAK Petroleum (RAK) has boosted its equity stake in Norways DNO to 30%; Kuwait Energy Company (KEC) and UAE-based Dana Gas announced new discoveries in Egypt; and Kuwaits Aref Energy is considering...