Kuwait's Aref Energy Holding has acquired stakes in the two U.S.-based energy companies, Synfuels and GeoGas for a combined value of $75 million, Kuwait-based daily al Watan reported Thursday.
Kuwait's Aref Energy Holding has acquired stakes in the two U.S.-based energy companies, Synfuels and GeoGas for a combined value of $75 million, Kuwait-based daily al Watan reported Thursday.
Aref has bought 50% of GeoGas which holds a concession for oil and gas exploration and production in Dewitt County, Texas, the paper said citing Tarek Al Wazzan, Aref's chief executive.
Aref bought 25% of Synfuels along with exclusive marketing rights in the countries of the Gulf Cooperation Council, the Middle East and North Africa region, the former Soviet Union countries and the Indian subcontinent, the paper said citing Wazzan.
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