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Company News - TAQA


TAQA Secures US$ 3.0 Billion Revolving Credit Facility (21 December 2010)
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced that it has secured a US$ 3.0 billion revolving credit facility.

TAQA Announces Restart Of North Sea Rijn Oil Production (24 November 2010)
Jan Willem van Hoogstraten, Managing Director of TAQA Energy said: "We are proud to have successfully restarted oil production from Rijn 25 years after the first start-up in 1985 and in less than four years after acquiring the asset.

TAQA Launches Syndication of US$ 3.0 Billion Revolving Credit Facility (1 November 2010)
The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced that it has mandated The Bank of Tokyo-Mitsubishi UFJ, Ltd.

TAQA Appoints Executive Officer And Head Of Upstream (25 October 2010)
David joins TAQA following more than 20 years with BP, TNK-BP, and Amoco. Most recently he was Vice President for BP Russia, and also sat on the Board of Directors for three BP-Rosneft joint ventures.

TAQA Strengthens North Sea Footprint (15 September 2010)
H.E. Abdulla Saif Al-Nuaimi, Chief Executive Officer and Managing Director of TAQA, said: "This transaction again underscores our long-term commitment to the North Sea.

TAQA Acquires Equity Stake In Oman’s Sohar Aluminium Company (30 June 2010)
The purchase price of this stake is approximately US$400 million and the final terms are to be agreed between TAQA and ADWEA. Completion of the transfer is subject to certain conditions and third party consents.

TAQA Continues To Strengthen Leadership Team (28 April 2010)
TAQA’s Executive Committee currently comprising Abdulla Saif Al-Nuaimi, Salem Al-Sayaari and Carl Sheldon will be replaced by a top executive management structure consisting of Abdulla Saif Al-Nuaimi and Carl Sheldon.

TAQA Announces Ratings Change By Moody’s (4 March 2010)
Carl Sheldon, TAQA General Manager said: "The fundamentals of our business and our strong relationship with the Abu Dhabi Government remain unchanged following Moody’s action.

TAQA To Boost Workforce In Abu Dhabi With Additional UAE National Hires Following Success Of Tawdheef Recruitment Show (9 February 2010)
TAQA’s strategy on Emiratization is to recruit, train, develop and integrate UAE Nationals at all levels of the business and to help Emiratis become leading professionals in the energy sector.

TAQA Restructures Leadership Team (16 October 2009)
Abu Dhabi National Energy Company PJSC (“TAQA”), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced a restructuring of its senior management team, as the Company moves into a new phase of development.


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