Abu Dhabi to Build North Sea Oil Giant ; City & Finace

Daily MailJuly 28, 2008

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Summary


ABU Dhabi's energy champion is stepping up its acquisition spree in the North Sea as it builds itself into one of the UK's leading oil businesses.

The Abu Dhabi National Energy Company, or TAQA, wants to spend hundreds of millions of pounds to nearly double its European oil production by early next decade.

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Abu Dhabi to Build North Sea Oil Giant ; City & Finace

The firm is looking at corporate acquisitions in the North Sea, as well as asset purchas...

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