Abu Dhabi's TAQA Projects Capex Of $2-2.5bn In 2014
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Abu Dhabi’s TAQA Projects Capex Of $2-2.5bn In 2014

Abu Dhabi’s TAQA Projects Capex Of $2-2.5bn In 2014

TAQA’s chief executive told media that the firm’s capex will be “a little less than in 2013”.

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Abu Dhabi National Energy Co’s (TAQA) capital expenditure for 2014 will be between $2 billion and $2.5 billion, the company’s chief executive said on Tuesday.

Carl Sheldon said this would be “a little less than in 2013”.

He was speaking on a conference call for journalists after the company reported a net loss of Dhs2.52 billion ($687 million) for 2013 because of a non-cash impairment related to the value of its oil and gas holdings in North America.


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