19 Hrs
Source:
الخليج
Source: الخليج
19 Hrsالخليج
Source: الخليج
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Reischiu Petroleum of Israel has agreed to acquire Fores Energy for £124.3 million (approximately $164 million), aiming to gain production assets in Egypt and Vietnam. The deal involves a payment of 28 pence per share and follows backing from shareholders, board approval, and is contingent upon regulatory approvals in both countries. Completion is expected in the first half of 2027. The company is currently inclined toward acquiring existing production assets rather than focusing solely on exploration, while also considering selling a stake in Egypt to a third party.
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