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Araca Energy ASA, an independent exploration and production company, develops and operates oil and natural gas assets in Russia. It holds interests in five production licenses located in the Timan Pechora region of Western Russia; and Izberbash and Sulak exploration blocks located in the nearshore shallow water area of the continental shelf of Caspian Sea. The company was formerly known as Aladdin Oil & Gas Company ASA and changed its name to Araca Energy ASA in 2014. Araca Energy ASA was founded in 2006 and is headquartered in Oslo, Norway.