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Iraq delays 4th energy auction to MarchIraq has delayed its 4th energy bidding round to March 7-8 next year when it will award contracts for gas and oil exploration in 12 new blocs, an oil ministry official said on Monday. The energy auction was scheduled to have taken place on More… |
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RAK Petroleum posts $15m net profitRAK Petroleum, the oil and gas exploration and production company, recorded net earnings of Dh56.3 million ($15.3 million) for the year 2010, compared to Dh29.5 million in 2009. “During 2010, the company again posted record production and More… |
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RAK Petro posts fifth quarterly profitRAK Petroleum, a leading oil and gas exploration and production company, has registered a Dh9.6 million ($2.61 million) net profit for the second quarter. The UAE-based company said this was its fifth consecutively profitable quarter. Anno More… |
