Business | Markets
Thani Emirates eyes DIFX listing
Thani Emirates Petroleum is looking into listing its shares on the Dubai International Financial Exchange (DIFX) within one to three years, an executive said on Tuesday.
- Reuters
- Published: 00:04 May 28, 2008
Dubai: Thani Emirates Petroleum is looking into listing its shares on the Dubai International Financial Exchange (DIFX) within one to three years, an executive said on Tuesday.
Alternatively, the upstream firm might offer a stake in a private placement, chief operations officer Ihsan Al Sharqi told Reuters on the sidelines of an energy event.
The company would "look to bring in an oil producer with experience in the region or financial institutions that appreciate the fundamentals of the upstream business and knows the risks," he said.
The firm with operations in North and West Africa wants to expand its business with eyes on South East Asian countries such as Indonesia and Papua New Guinea, he said.
The firm is planning to invest $60 million this year and $80 million in 2009, he said.
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