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ΑΔΜΗΕ: Τα οικονομικά αποτελέσματα του Α εξαμήνου 2021
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Abu Dhabi utility Taqa to weigh sale of oil and gas assets
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UAE mulls sale of Taqaâs oil and gas assets, focusing on power generation By Dinesh Nair on 3/17/2021
Taqa s assets would likely bring less in a sale than they cost to assemble.
(Bloomberg) - Abu Dhabi National Energy Co. is considering options for its oil and gas assets, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.
The company, also known as Taqa, is speaking with potential advisers as it reviews a business that spans countries including the UK and Canada, the people said, asking not to be identified as the matter is private. Taqaâs oil and gas portfolio could be worth substantially less than the billions of dollars it spent to build it, the people said.
Abu Dhabi utility Taqa to weigh sale of oil and gas assets
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