DNO and RAK plan merger of Mena assets

The proposed merger of the regional assets of Norway’s DNO and Ras Al-Khaimah’s RAK Petroleum will create a focused upstream exploration company combining aggressive expansion with increased local expertise The strategic rationale behind the merger of DNO International and RAK Petroleum is to create an enlarged company that will be easier to list on the London Stock Exchange. It will also diversify DNO’s operations. “We will be growing our base in the Mena region, and diversifying within the Mena region,” spokesman Tom Bratlie told GSN.