Emirates National Oil Company already holds 51.5% of Dragon Oil, having first acquired a stake in 1998. This purchase values the Irish gas-and-oil exploration and development firm at around $3.9 billion. Dragon Oil is a single-asset company and develops the Cheleken contract area in the Caspian Sea, offshore Turkmenistan. Read more on the MarketWatch.
Previous Post: Japan seeks investment from UAE sovereign wealth funds
Next Post: Jordan Dubai Capital signed MoU with Kazakhstan sovereign wealth fund