Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Awards
BBK awarded for distinguished Corporate Governance practices
Bahrain’s pioneer in commercial and retail banking
BBK wins first place for excellence in Corporate Governance practices
BBK wins Bahrain eContent Award
BBK newsletter
CINET
BBK Press releases
Latest News
Archives
Financial News
Latest News
Archives
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Media Center
Financial News
Archives
Archives
02-12-14
UAE's RAK increases stake in Cote d'Ivoire oil field
(MENAFN) RAK Petroleum announced it has invested more than USD10 million as part of a joint venture acquisition of an oil and gas field block in C"te d'Ivoire by adding its stake to 9.1 percent, Arabian Business reported.
The UAE-based oil and gas investment company said that the increase in its stake happened following the acquisition by the company and Foxtrot International LDC through their joint venture of the 12 percent interest previously held in the block by Energie de C"te d'Ivoire SA.
The company, which has a one-third ownership of Foxtrot International held through Mondoil Enterprises, said that Foxtrot International now holds a 27.5 percent interest in the block of which it is the operator of after the transaction.
RAK said that the first platform on Block CI-27currently processes a daily average of 145 million cubic feet of gas, which is 70 percent of C"te d'Ivoire's total production.
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us