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FINANCIAL NEWS
Canadian oil firm to acquire interest in UAE oil
21 Oct 2013
(MENAFN) Petra Petroleum, a Canada-listed oil and gas exploration firm, said it plans to acquire a large participating interest in the UAE onshore exploration concession, according to Arabian Oil and Gas.
The onshore concession area is located near Sharjah and has many producing oil and gas fields.
“The acquisition of this license interest is another important step for the Corporation in building an exploration portfolio within our focus areas of Europe, Africa and the Middle East. In addition we are continuing to seek other opportunities to create a diversified exploration and production portfolio and asset base,” said Robert Lambert, president and CEO of the Corporation.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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