Middle East Economic Survey
Ukraines Naftogas Signs Fujairah Oil/Gas Exploration Deal
Ukraines Naftogas and Naftogas Middle East on 26 January signed an exploration and development agreement with the Fujairah government to explore for and develop oil and gas reserves in onshore and offshore areas in the emirate. Under the deal, Naftogas will conduct a 3D seismic studyonshore and 2D study offshore, and drill a number of wells. If the evaluation of the studies...