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.
-
Artificial Intelligence1 week agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Highlights1 month agoOERLive: Top 10 Mathematical Problems AI Has Solved or Transformed
-
Magazines1 month agoOER Magazine July Edition 2026
-
Magazines1 month agoAl Mar’a Magazine July 2026
-
Banking & Finance2 months agoOman Housing Bank launches digital waiting list for housing loans
-
Alamaliktistaad Magazines1 month agoAlam Al-Iktisaad Magazine July 2026 Edition
-
Magazines2 months agoOER Magazine – June 2026 Edition
-
Banking & Finance2 months agoOman Arab Bank CEO Sulaiman Al Harthi Retires as Ali Al Mani Is Named Successor

You must be logged in to post a comment Login