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Article: Safat Energy Egyptian subsidiary buys drilling rig for USD 7m.
- Article from:
- ADP News Middle East & Africa
- Article date:
- June 16, 2009
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(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 ...