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.
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, March 2025
-
OER Magazines2 months ago
OER, March 2025
-
Automotive1 month ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News2 months ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
News1 month ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
News1 month ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
Banking & Finance1 month ago
Bank Nizwa Signs MoU with Ministry of Endowments and Religious Affairs to Enhance Endowment Management & Islamic Finance Frameworks
-
OER Magazines3 weeks ago
OER, April 25
You must be logged in to post a comment Login