No. 19



Ras Al-Khaimah Awards E&P Rights To US-Backed Group

The Ruler of Ras al-Khaimah, Shaikh Saqr ibn Muhammad al- Qasimi, on 20 January signed an oil and gas exploration and production agreement with a US backed company, the Ras al- Khaimah Oil and Gas Company Ltd. Under the agreement the latter has the right to explore in all onshore and offshore areas of the emirate except for the B-Block which is held by the US company, Arco. Mr. Michael...