Tag Archives | Gold Cheers

Work Starts at $594m Oil Processing Plant at Block 9

By John Lee. The President of ┬áthe Iraqi National Oil Company (INOC) has laid the foundation stone for the $594-million crude oil processing plant at Block 9, within the Al-Fayha Oil Field in Basra Province. Ihsan Abdul-Jabbar Ismail said that the development is important for the production of light oil, with a target for this […]

Court approves Chinese Takeover of Kuwait Energy

Kuwait Energy has announces that the Royal Court of Jersey has approved the acquisition of the company by Gold Cheers Corporation Limited, a wholly-owned subsidiary of United Energy Group Limited (UEG), by means of a scheme of arrangement. The consideration to be paid under the transaction will be US$477,248,630.20 which equates to a per share […]