Energy
Eni Signs Offshore Exploration Deal With Ras Al Khaimah
![eni logo](https://oerlive.com/wp-content/uploads/2019/01/eni-logo-web.jpg)
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.
-
Economy1 month ago
Here’s Everything You Need to Know About Oman’s State General Budget for 2025
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, December 24
-
Banking & Finance1 month ago
His Majesty the Sultan Appoints Ahmed Al Musalmi as Governor of the Central Bank of Oman
-
Banking & Finance2 weeks ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
Banking & Finance4 weeks ago
Bank Muscat’s 2024 Net Profit Grows To RO225.58Mn
-
Power3 weeks ago
His Highness Sayyid Bilarab Bin Haitham Al Said Inaugurates Manah 1 And Manah 2 Solar Power Plants
-
Oman1 month ago
Public Services Regulatory Authority (PSRA) Issues New Electricity Tariff Regulations
-
News4 weeks ago
Adanté Realty launches Yenaier Residences, Defining a New Era of Sustainable Luxury in Oman
You must be logged in to post a comment Login