Energy
Eni Signs Offshore Exploration Deal With Ras Al Khaimah

Eni SpA has signed an exploration and production agreement with the emirate of Ras Al Khaimah, a further push by the Italian company into the Middle East.
The deal between the Rome-based hydrocarbons producer and RAK Petroleum Authority will cover Block A, which includes an area of 2,412 square kilometers off the coast, according to a statement from Eni.
Read: Etihad Airways Is Said to Seek $600 Million Loan for Planes
Eni will operate 90 per cent of the block, while RAK Gas LLC will be in charge of the remaining 10 per cent.
Read: Qatar Fund Buys Chunk of $5.6 Billion Manhattan Portfolio
Earlier this year, Eni secured a deal on onshore exploration concession areas A, B & C in Sharjah, another city in the United Arab Emirates. It also agreed to pay $3.3 billion in cash for 20 percent of Abu Dhabi-based Adnoc Refining.
-
News4 weeks ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines2 months ago
OER, January 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, January 2025
-
Automotive1 month ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
OER Magazines3 weeks ago
OER, February 25
-
Energy4 weeks ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
Manufacturing2 months ago
JSIS Promotes Steel Slag for Sustainable Construction Practices
You must be logged in to post a comment Login