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FINANCIAL NEWS
RAK Petroleum posts $2.6m in Q2
10 Aug 2010
(MENAFN) RAK Petroleum, a leading oil and gas exploration and production company, has registered a $2.61 million net profit for the second quarter, its fifth consecutively profitable quarter.
The company said that it had set new record production levels during the quarter with a return to production of the Bukha field in Block 8, Sultanate of Oman.
Together, the two offshore fields in Block 8 operated by the Company, Bukha and West Bukha, produced in excess of 10,000 barrels a day of oil and associated liquids and 35 million cubic feet a day of gas.
RAK Petroleum holds a 50 percent interest in this block with Korea’s LG International Corporation holding the other 50 percent.
More News
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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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