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Tag: SFE
Wataneya

Abu Dhabi’s Sovereign Wealth Fund joins Adnoc in Wataniya bid

Posted: April 7, 2021 at 12:39 pm   /   Oil & Gas

Abu Dhabi’s sovereign wealth fund ADQ is joining forces with Abu Dhabi National Oil Company (Adnoc) in its takeover bid for military owned Wataniya Petroleum, with the aim of making a stronger offer for the company, the local press reports, citing unnamed sources. Adnoc was reportedly in the process of appointing advisors last month, and […]

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Wataneya

Franchisers added to list of potential buyers for Wataniya Petroleum

Posted: February 24, 2021 at 1:53 pm   /   Oil & Gas

Franchisers are now on the list of potential buyers for 80-90% of military-owned Wataniya Petroleum, Sovereign Fund of Egypt (SFE) CEO Ayman Soliman told Reuters. The inclusion of franchising as a potential model for the sale came after the fund saw that some markets, including Europe, follow that model. The SFE, which is managing the […]

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wataniya

Wataniya Petroleum upcoming sale attracts more attention from GCC companies

Posted: January 13, 2021 at 10:57 am   /   Oil & Gas

The upcoming sale of military-owned Wataniya Petroleum is attracting more attention from GCC oil and gas companies, the local press reports, citing unnamed sources familiar with the negotiations. State-owned Emirates National Oil Company (ENOC) and Saudi Aldrees Petroleum and Transport Services Co. are reportedly interested in vying with Abu Dhabi National Oil Company (ADNOC) and […]

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adnoc

Adnoc, Taqa Arabia in the running for a stake in Wataniya Petroleum

Posted: December 20, 2020 at 12:38 pm   /   Oil & Gas

Adnoc, Taqa Arabia in the running for Wataniya: A number of investors at home and abroad have expressed interest in acquiring a majority stake in the military-owned oil distribution company Wataniya Petroleum, Bloomberg reported on Thursday. Buyer #1: State-owned Abu Dhabi National Oil Company (Adnoc), which produces most of the UAE’s oil, is interested in […]

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SFE

Egypt’s Sovereign Fund offers Wataniya Petroleum for private investment

Posted: December 15, 2020 at 3:28 pm   /   Oil & Gas

Safi, Wataniya Petroleum are up first in Egypt’s plan to partially privatize military-owned companies: The Sovereign Fund of Egypt (SFE) decided that Wataniya Petroleum and the National Company for Producing and Bottling Water (Safi) as the first two subsidiaries of the National Service Products Organization (NSPO) the fund will move to privatize, Planning Minister and […]

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EuroAfrica-Map

Egypt in talks with investors, traders to develop EuroAfrica electricity link

Posted: September 8, 2020 at 1:25 pm   /   Electricity & Power

SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened talks with European infrastructure investors and energy traders to join it in investing in the EuroAfrica transmission link and import electricity from Egypt, CEO Ayman Soliman tells Bloomberg. Egypt signed on to the USD 4 […]

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