Gulf Oil and Gas accountACCOUNT

Abu Dhabi National Energy Co (TAQA) Considering Formosa Bond, Sukuk

Source: Reuters 4/3/2017, Location: Middle East

Abu Dhabi National Energy Co (TAQA) is considering debt funding options including a formosa bond, sukuk and bank loans, the company's spokesman said. TAQA will raise the funding to cover debt maturities due in October 2017 and January 2018, he said.

Last week TAQA reported a 2016 loss of 18.55 billion dirhams ($5.05 billion), largely due to a 16.9 billion dirhams post-tax impairment on oil and gas assets reflecting low international oil and gas prices.

It plans to increase its capital expenditure for 2017 to 1.8 billion dirhams from 1.1 billion in 2016, the spokesman said.

Financials and Investment News in United Arab Emirates >>

Nigeria >>  2/18/2019 - Sirius Petroleum has completed its due diligence in relation to OML 109 and is now finalising the financing with a dedicated fund, and awaiting final ...
United Kingdom >>  2/15/2019 - Angus Energy has announced that the Company has placed, subject to admission to trading on AIM, 55,000,000 new Ordinary Shares in the Company with exi...

Egypt >>  2/14/2019 - Dana Gas PJSC ("Company"), the Middle East's largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial ...
Saudi Arabia >>  2/14/2019 - Saudi Aramco has selected banks to arrange its first international debt sale which will help it finance the acquisition of a stake in Saudi Arabian Ba...

Australia >>  2/12/2019 - Carnarvon Petroleum Limited is conducting a placement to institutional and sophisticated investors to raise approximately $50 million. The Placement c...
Norway >>  2/7/2019 - DNO ASA, the Norwegian oil and gas operator, announced 2018 net profit of USD 354 million on revenues of USD 829 million, the highest annual revenues ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United Arab Emirates Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.