TAQA completes deal

TAQA has announced it has officially started managing its newly acquired BP Netherlands gas exploration and production assets. TAQA made public its intention to acquire BP Nederland Energie BV in late 2006 and the sale is now complete.

"By assuming control of an existing operation with significant interests in the upstream, midstream, and downstream businesses, TAQA has positioned itself well at the centre of the ‘Energy Roundabout' of Europe, ideally located between Europe's two main demand centres, the UK and Germany," said Peter Barker-Homek, CEO of TAQA.

The BP business has onshore and offshore production assets, including the Piek Gas Installatie facility in Alkmaar. It also includes gas storage facilities at the Bergermeer field in the Netherlands, linking Dutch and British gas hubs, which the company sees as an area for potential growth.

Print | Email | Discuss this article

| Share |

READERS' COMMENTS

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic. Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Enter the words above *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM