Thursday 28 May 2015
 
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Taqa

Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday.

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Taqa Q1 profit falls 6.6pc on low oil prices

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, said that first-quarter (Q1) net profit dropped 6.6 per cent from a year earlier to Dh256 million ($69.8 million) because of low oil prices. &nb

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Taqa appoints acting CFO

Abu Dhabi National Energy Co (Taqa) has appointed Grant Gillon as acting chief financial officer following his predecessor's retirement, the company said on Thursday. Gillon will replace outgoing CFO Ryan Wong from May 1, the

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Saudi Taqa launches JV with Norway’s Archer

Saudi Arabia's Industrialization & Energy Services Co (Taqa) has signed an agreement with a subsidiary of Norway's Archer to set up an oil and gas joint venture in Saudi Arabia, Taqa said on Wednesday. Archer is the oi

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Taqa slashes capex plans after big Q4 loss

Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, said on Wednesday it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.

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Saudi firm, Halliburton ink chemical plant JV

Saudi Arabia-based Industrialisation & Energy Services Company (Taqa) has entered into a joint venture with Halliburton Multi-Chem to set up a chemical manufacturing plant in Jubail Industrial City in the kingdom. The industri

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Saudi firm, Halliburton ink chemical plant JV

Saudi Arabia-based Industrialisation & Energy Services Company (Taqa) has entered into a joint venture with Halliburton Multi-Chem to set up a chemical manufacturing plant in Jubail Industrial City in the kingdom. The industri

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Massar plans 40pc stake sale, Abu Dhabi listing

UAE-based Massar Solutions, a market leader in fleet solutions, plans to sell 240 million shares in the company, amounting to 40 per cent of the share capital and to apply for listing of shares on Abu Dhabi Securities Exchange (ADX).

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Taqa Q3 net profit falls 27pc

Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, reported a 27 per cent decrease in third-quarter net profit on Wednesday, citing a higher effective tax rate. Taqa, 75 per cent owned by th

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Taqa appoints Shamsi as VP of treasury

Abu Dhabi National Energy Company (Taqa) has appointed Suhail al-Shamsi as group vice president of treasury and member of the company's global management team, it said on Sunday. Shamsi, who joined Taqa in 2010, takes over the

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