Sharjah National Oil Corp to deliver nearly all of Sharjah s gas needs gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
DUBAI (Reuters) - The ruler of Sharjah, the third largest of the United Arab Emirates, has appointed Sheikh Sultan bin Ahmed al-Qasimi as deputy ruler as well as chairman of the Sharjah Petroleum Council, state news agency WAM said. The appointments came in decrees on Monday by the conservative emirate s 82-year-old ruler Sheikh Sultan bin Mohammed al-Qasimi, who has led Sharjah since 1972. The emirate s previous deputy ruler died last year. Sharjah, which straddles the interior of the Arabian peninsula that runs north towards the Strait of Hormuz, was rocked by a coup attempt in 1987 in which Abu Dhabi and Dubai - the UAE s most powerful states - backed opposite sides. Ruler Sheikh Sultan had two sons, both of whom died, the youngest in 2019 and the other 20 years earlier. His new U.S.-educated deputy has held several senior posts, such as chairman of the Sharjah Media Council and of the Sharjah National Oil Company. The UAE federation, founded in 1971, groups seven emirates including
Abu Dhabi National Oil Co. has signed long-term gas sales agreements with two industrial firms as the UAE seeks gas self-sufficiency with the help of international oil companies working on various field developments in OPEC’s third largest producer. ADNOC signed the 10-year agreements with Emirates Steel and construction company Arkan, it said in a statement .
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Eni signed an exploration and production sharing agreement for Block 7, which spans an area of 430 sq km in Ras Al Khaimah, it said. The company will act as operator of the block with 90% participating interest and RAK Gas holding the remainder. The presence of the existing gas processing facilities in the emirate [of Ras Al Khaimah] would also allow a rapid development of any discoveries, the statement said.
Eni already operates in Ras Al Khaimah one of seven emirates that make up the UAE federation in Offshore Block A where preparations for drilling operations have started, it added.
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