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Abu Dhabi Plots $3bn Windfall From Cepsa IPO: What’s For Sale?
...plying that Abu Dhabi can expect to raise just under $3bn for a 25% stake. Cepsa plans to triple its value by 2030. The latest valuation represents a modest premium to the implied €7.5bn valuation when Abu Dhabi state investment firm IPIC assumed full control of the company in 2011, paying €3.97bn fo...
Volume: 61Issue: 38Published at Fri, 21 Sep 2018 -
Tunisia: Output Slides, Firms Look For The Door Amid Instability
...e January 2011 ‘revolution’ that kicked off the Arab Spring. In many ways Tunisia’s experiment in democracy has been an admirable success – certainly compared to its neighbors Libya and Egypt. But not in terms of oil and gas output. The frequency and intensity of strikes has got worse this year. Ga...
Volume: 59Issue: 38Published at Fri, 23 Sep 2016 -
Company Profile: Petroceltic Plots Big League Transformation
...ave the firm with around 38%; it will remain as operator), Italian power firm Enel bought 18.375% from Petroceltic in 2011, whilst state firm Sonatrach has 25%. With the aim of beefing up its ‘Ain Tsila team’ Petroceltic on 16 September appointed Ian Craig to chair Petroceltic’s Ain Tsila pr...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
Citadel Seeks More Capital
...ctor for managing to hold funding for the project together in the wake of Egypt’s 2011 Revolution as other investors pulled out (MEES, 6 February, 2012). In addition, the company’s key planned new investment is in Egyptian LNG import and re-gasification. But its bid to hire floating storage an...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013 -
MOL Looks To KRG And Oman To Fuel Output Growth
...L enjoys “excellent cooperation” with the authorities, Mr Tatai says. This cooperation is no doubt smoothed by the fact that the Oman Oil Company acquired 7% of MOL in 2008 within the framework of a strategic partnership between the two companies. Fifty percent of MOL’s $3bn 2011 ea...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012 -
Vegas Starts Egypt Production
...eady” at around nine months. But the fact that the company has rapidly ramped up production means the sum outstanding has continued to mount, hitting a whopping $214mn by the end of June, MEES understands. TransGlobe has collected $135mn from EGPC since January 2011, including $57m for the fi...
Volume: 55Issue: 38Published at Fri, 14 Sep 2012