Middle East Economic Survey
Sharjah Sets Up National Oil Corporation
The Ruler of Sharjah, Shaikh Sultan bin Muhammad al-Qasimi, has issued a decree establishing the Sharjah National Oil Corporation (SNOC). The new entity, owned by the government of Sharjah, will enjoy legal, financial and administrative independence to carry out commercial operations. The Sharjah Petroleum Council will oversee SNOC, which will be headquartered in Sharjah, but may open other...