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Gulf Investors Buy 29 Percent of UK's Victoria Oil - ASHARQ AL-AWSAT English Archive
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ABU DHABI,(Reuters) – Abu Dhabi-based investment house Noor Capital said on Saturday it was acquiring 29 percent of UK’s Victoria Oil and Gas Plc along with a consortium of UAE and Gulf investors.

The consortium led by Falcon Petroleum Ltd will invest $36 million in Victoria Oil and Gas, which is listed on the London Stock Exchange Alternative Investment Market (AIM), Noor Capital said in a statement. It gave no further details.

The consortium would have the option to bid for the whole company in the future, it added.

Victoria Oil & Gas Plc is an AIM-listed oil and gas company in the London Stock Exchange operating in the oil and gas sector in the former Soviet Union. The company operates an oil producing field in Kazakhstan, and has exploration concessions in Siberia and Britain as Kazakhstan.

Falcon Petroleum Limited is an independent oil and Gas Exploration and Production operating company registered in Cyprus by a group of UAE and international partners.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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