Wataniya Petroleum upcoming sale attracts more attention from GCC companies
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 […]
Adnoc, Taqa Arabia in the running for a stake in Wataniya Petroleum
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 […]
Egypt’s Sovereign Fund offers Wataniya Petroleum for private investment
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 […]
Egypt in talks with investors, traders to develop EuroAfrica electricity link
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 […]
