Abu Dhabi’s Taqa: Upstream Down Despite Price Recovery, Power Steady

...17bn). The collapse of oil prices in 2014 forced Taqa into a ‘transformation program’ in which it slashed capital expenditure and targeted debt reduction (MEES, 17 November 2017). The transformation appears to be working as far as monies owed is concerned, with net debts reduced from AD72.98bn ($19...