While hydrocarbons have come to dominate the energy headlines in Ghana, the government is also looking at other means of generating power. Like most economies, the country wants to diversify its generation mix and investigate the potential for sustainable and renewable energy technologies.
Two hydrocarbons firms, RAK Gas and RAK Petroleum, are the main players in Ras Al Khaimah’s energy sector. The former is a state-owned company responsible for ensuring a steady and reliable supply of gas for the emirate, while the latter is a public limited company formed in 2005. The latter is headquartered in Dubai and is not listed on any...
Although the UAE is an oil-rich country – the eighth-largest producer of oil in the world, with output of 2.8m barrels per day (bpd) in 2010, according to the US Energy Information Administration, and the fourth-biggest exporter – the emirate of Ras Al Khaimah has relatively limited resources when it comes to hydrocarbons. Oil and gas accounted for...
Relatively unaffected by the global slowdown, Ras Al Khaimah has witnessed extremely rapid growth in the past decade. The emirate’s GDP grew by approximately 8% in 2011, according to RAK’s Department for Economic Development. Industry was the main driver of this growth, accounting for around 30% of GDP in the same year. The rise in GDP served to...
Recognising that mineral extraction has long remained the mainstay of Papua New Guinea’s export-driven economy, the country’s regulatory framework for the mining sector reflects the importance of creating a relatively friendly business environment for investors in the industry. The primary laws governing the sector are the Mining and Safety Acts of...
There are a number of large new projects that are planned for Papua New Guinea in the coming decade, and another wave is waiting in the wings. These exploration projects encompass mining operations across a spectrum of size as well as technical capability and operations. They range from small, locally grown prospectors to junior developers to bulk-...
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