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NOCs To Drive Gulf 2016 Output Gains Despite Further Belt Tightening
...l in power plants (MEES, 23 October). The UAE, meanwhile, plans to increase production capacity from current levels of 3.2mn b/d to 3.5mn b/d by 2017. Much of the planned increase is slated to come from offshore fields. The country’s offshore currently produces around 1.25mn b/d of the UAE’s 2....
Volume: 58Issue: 52Published at Wed, 23 Dec 2015 -
Dana Gas Agrees $1Bn Sukuk Restructuring
...restricted to the company’s Egyptian and some UAE assets. Dana has the option to pay down the outstanding debt prior to the new maturity date of 31 October 2017. To proceed with the restructuring, Dana needs the consent of its shareholders, current Sukuk holders and regulatory au...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012