Eni signs offshore exploration deal with Ras Al KhaimahChristian Fernsby ▼ |
Middle East Eni will operate 90 percent of the block
Eni has signed an exploration and production agreement with the emirate of Ras Al Khaimah.
Eni will operate 90 percent of the block, while RAK Gas LLC will be in charge of the remaining 10 percent.
Earlier this year, Eni secured a deal on onshore exploration concession areas A, B & C in Sharjah. It also agreed to pay $3.3 billion (Dh12.1 billion) in cash for 20 percent of Abu Dhabi-based Adnoc Refining. ■
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