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Adnoc’s unit to produce 40k bpd of oil by 2020

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) has announced a significant milestone for one of its youngest operating companies, Al Dhafra Petroleum, with a major capital investment to establish facilities and enable oil production from Haliba field, located along the south-east border of Abu Dhabi. Adnoc’s plans to start production from Haliba with an initial capacity ...

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DGCX explores options as India stops licensing securities abroad

DUBAI / Reuters The Dubai Gold and Commodities Exchange (DGCX) said on Monday it was working with Indian counterparts to explore alternatives after India’s three main stock markets announced they would stop licensing their indexes and securities abroad. India’s decision appears to threaten several products offered by the DGCX, which trades futures based on the Bombay Stock Exchange’s Sensex index; ...

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Enoc plans investments in Egypt

DUBAI / WAM ENOC Group is exploring investment opportunities within Egy-pt’s energy landscape as part of its long-term strategy to expand its regional footprint. The announcement, made on the sidelines of the Egypt Petroleum Show (EGYPS), being held in Cairo from February 12-14, was part of ENOC Group’s participation in the exhibition that has brought key stakeholders from the MENA ...

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