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Tag Archives: Abu Dhabi National Energy Company (Taqa)

Taqa slashes 2016 capital expenditure

Abu Dhabi National Energy Company (Taqa) has slashed its proposed capital expenditure for 2016 despite reporting on Thursday a narrower fourth-quarter loss, as the company is impacted by lower oil prices. Global oil firms have been scaling back investments and cutting costs to cope with a slump in the price of crude. Taqa, 75 percent owned by the government of ...

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