The acquisition is expected to strengthen GULFNAV’s market position and boost its operational efficiency and competitive edge
GulfNav
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acquisition
GULFNAV shareholders approve Brooge Energy asset buyout in AED3.3bn deal
The acquisition includes Brooge Petroleum and Gas Investment Company FZE, Brooge Petroleum and Gas Investment Company Phase III FZE, and BPGIC Phase 3 Limited
Dubai
GulfNav forms JV company with Monaco-based Scorpion Services
Black Marlin, the JV company, will be located in Dubai and will manage eight vessels at the time of launch – four from each partner
acquisition
Dubai’s GulfNav reveals plan to acquire Brooge Petroleum
The Fujairah company has a capacity store 6.3 million barrels of oil; Transaction expected to be completed in the fourth quarter