Junior PetroNor E&P on acquisitions trail
In a favourable cash position after strengthening its position in production blocks in the Congo and a capital increase, the junior company—which is also in dispute with several African countries—is targeting medium-sized entities.
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▪ Junior PetroNor E&P on acquisitions trail
▪ In a favourable cash position after strengthening its position in production blocks in the Congo and a capital increase, the junior company—which is also in dispute with several African countries—is targeting medium-sized entities.
▪ https://www.africabusinessplus.com/en/809089/junior-petronor-ep-on-acquisitions-trail/
PetroNor E&P‘s objective is to produce 30,000 barrels per day, eight times its current level. Its primary shareholder is Petromal, a subsidiary of a private Abu Dhabi conglomerate, National Holding. Eyas Alhomouz, CEO of Petromal, is chairman of Petronor.
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