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The United Energy Group (UEG) (SEHK: 467) is a Chinese oil & gas exploration and production company. The company pursues projects in Pakistan and Indonesia and is looking into further investment options in South East Asia and the Americas.
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For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us
In 2011, United Energy Group acquired the Pakistani assets of BP and BP Pakistan was renamed as UEP. [2] [3] A year later, in 2012, UEP secured a credit line of $5 billion from China Development Bank for its Pakistani operations and other potential acquisitions. In March 2018, UEP acquired OMV's gas fields in Pakistan for US$192 million. [4]
One of the company's founders (Dr. John J. Grace) had worked for Grace Ltd, a wholly owned subsidiary of New York's W. R. Grace and Company.When, in 1922, W.R.Grace decided to divest the Jamaican subsidiary, Dr. Grace bought the company and, along with Fred Kennedy, a Jamaican, co-founded Grace, Kennedy and Company Limited.
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UGI Corporation (formerly United Gas Improvement Corp.) is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe. [1] UGI owns AmeriGas, the largest propane marketer in the United States.