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Page added on December 3, 2009
No early sale for Dragon
Emirates National Oil Company (ENOC) said it will not sell its shares in explorer Dragon Oil, which it is trying to take over in a deal that values Dragon at $3.9 billion, until the end of 2011.
Analysts had speculated that ENOC might sell Dragon on to another party for a profit upon comp-letion of the takeover.
ENOC already owns 52 per cent of Dragon.
Categorized | Business News
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