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Taqa expands North Sea operations
- United Arab Emirates: Wednesday, November 28 - 2012 at 14:38
The Abu Dhabi equity market measure ADX General Index closed 0.13% higher at 2,646.92 points, supported by banks and developers. Eshraq Properties posted the largest advance, closing 5.13% higher at Dhs0.42. Abu Dhabi National Energy Co. or Taqa closed unchanged at Dhs1.30. Earlier in the day, Taqa said it bought from BP assets in the North Sea worth $1.058bn. Taqa estimates that the acquisition will increase it net production by 21k barrels of oil equivalent per day. Since Jan. 1, Taqa gained 8.3% in value amid volatile trading.
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Gérard Al-Fil, Financial JournalistWednesday, November 28 - 2012 at 14:38 UAE local time (GMT+4)
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