Article: Safat Energy Egyptian subsidiary buys drilling rig for USD 7m.

(ADP News) - Jun 16, 2009 - Egypt-based National Drilling Co, 60% owned by Kuwaiti Safat Energy Holding (KUW:SENERGY), has signed a contract to purchase a land drilling rig for USD 7 million (EUR 5.06m), Safat Energy said in a statement to the Kuwait Stock Exchange (KSE) on Sunday.

Safat Energy will operate the rig on its projects in Libya.

Safat Energy (www.safatenergy.com), formerly Hasibat Holding, is engaged in investment activities in the oil and gas sector. It holds controlling interest in several ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!