Given Ras Al Khaimah’s energy mix, how can concerns about industrial utilities be addressed?
Given Ras Al Khaimah’s energy mix, how can concerns about industrial utilities be addressed?
The emirate’s two upstream oil and gas exploration and production (E&P) companies, RAK Petroleum and RAK Gas, have both been active in overseas exploration activities in recent years. RAK Petroleum maintains indirect investments across eight countries in the MENA region, while RAK Gas has expanded its international portfolio via new...
With little in the way of hydrocarbons reserves and limited domestic exploration under way, Ras Al Khaimah’s energy sector has expanded on the back of its two major upstream players: RAK Gas and RAK Petroleum. The two firms each have interests in international exploration and production (E&P), and have undertaken efforts to improve...
The energy mix in RAK is currently led by government-owned operators RAK Petroleum and RAK Gas, both of which are involved in exploration and operation...
With more limited hydrocarbons reserves compared to its UAE neighbours to the south, RAK has developed into an industrial hub thanks to its dynamic network of industrial free trade zones. Considerable natural resources feed the country’s thriving cement and ceramics industries while elsewhere the emirate is looking to leverage its varied landscapes in a bid to boost tourism revenues in line with general economic diversification targets.
Against a backdrop of weaker hydrocarbons prices, Bahrain is stepping up counter-cyclical downstream investments aimed at boosting energy and economic security.
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