UAE's RAK Petroleum sells stake in Côte d'Ivoire business to Norway's DNO

Issue 1157 - 17 Oct 2022 | 1 minute read

Norway's DNO confirmed that it had bought Mondoil Enterprises from the UAE’s RAK Petroleum. Mondoil holds a 33.3% stake in Foxtrot International, which has interests in offshore gas and associated liquids in Côte d'Ivoire. The move is part of DNO’s efforts to expand beyond its current focus areas of the Kurdistan Region of Iraq and the North Sea.

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