Taqa profits surge on higher oil and gas prices and North Sea production
- Date: 10-Nov-2021
- Source: Energy Voice
- Sector:Financial Markets
- Country:Gulf
Taqa profits surge on higher oil and gas prices and North Sea production
Higher oil and gas prices saw a surge in profits for the UAE state-owned energy firm Taqa.
The Abu Dhabi headquartered firm, which operates a host of UK North Sea assets, saw pre-tax profits more than double to £982million for the first nine months of 2021, up from £446m in the same period last year.
Revenues have, meanwhile, nearly tripled to £1.8billion from £629m.
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