Emirates National Oil Company had offered to buy 46 per cent of Dragon Oil it didn't own for 750 pence a share, or £1.7 billion on June 15.
Emirates National Oil Company had offered to buy 46 per cent of Dragon Oil it didn't own for 750 pence a share, or £1.7 billion on June 15.
The bill to allow the United States to export oil and boost state revenue-sharing for offshore oil and gas drilling passed along party lines by a vote of 12-10.
Like rivals BP, Statoil and Total it announced reductions in capital investments for a second time this year.
Russia and Opec are pursuing the same goals of keeping the oil market balanced and stable, Energy Minister Alexander Novak told Opec secretary-general.
Al Falasi said that the Dubai-headquartered company is looking at expanding its operations outside its home market.
Al Dhaheri said "when setting the new prices, we have considered international prices as the benchmark and include an added operation cost and minor profit margin".
"Impact on inflation should be minor, particularly as diesel prices have dropped, and that drives commercial transport."
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The project will eventually consist of four nuclear power generating units with a combined capacity of approximately 5,600 MW and their associated facilities.
Kuwait and Saudi Arabia are already working on plans to link fuel prices to market movements.