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Taqa to invest $2.5bn in North Sea production
- United Arab Emirates: Tuesday, September 23 - 2008 at 10:19
Abu Dhabi National Energy Company (TAQA) plans to invest up to 2.5bn over next 4-5 years to increase its production and buy oil and gas reserves in the North Sea, reported Khaleej Times. Peter Barker-Homek, CEO of TAQA said the company currently has oil and gas assets worth $5bn in the north sea, and it plans to increase that figure to $20bn by 2016.
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Jeff Florian, Senior ReporterTuesday, September 23 - 2008 at 10:19 UAE local time (GMT+4)
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