Taqa toasts £1.1 billion profits as oil and gas prices surge

Taqa toasts £1.1 billion profits as oil and gas prices surge

Abu Dhabi national energy company Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.

Just last month Taqa completed a review of its oil and gas business, deciding to keep it following reported plans to sell – including offloading its assets in the UK.

Taqa posted pre-tax profits of £1.1bn for H1 2022, up from £735m in the same period last year.