Sharjah has made it first onshore natural gas discovery in over 30 years.
The Sharjah National Oil Corporation (SNOC) and its Italian partner ENI, made the discovery at the Mahani-1 exploration well within the first year of their partnership.
The well, which was drilled at a total depth of 14,597 feet, has tested gas with flow rates of up to 50 million standard cubic feet per day.
The size of the discovery will be further evaluated in due course.
Mahani-1, located in the area B concession, is the first exploration well drilled by SNOC following the acquisition of a new 3D seismic survey covering the territory.
“The discovery fulfils the emirate’s commitment to making reliable and sustained gas supplies available throughout the UAE”, said H.H. Sheikh Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah and Chairman of Sharjah Oil Council.
He added that the discovery supports Sharjah's development process and will work to bring about a major transformation in the industrial and commercial fields in the emirate.
The Gulf Cooperation Council (GCC) countries saw a slight decline in overall national income in 2023, but their non-oil economies continued to grow steadily, according to new data from the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat).
Air Canada's unionised flight attendants walked off the job early on Saturday morning after pay talks with the country's largest carrier stalled, in a move that is expected to disrupt travel plans for more than 100,000 passengers.
Dubai recorded a GDP of AED119.7 billion in the first three months of the year, marking a 4 per cent growth during the same period last year, driven by strong performances and expansion across various sectors.
Salik has posted AED 1.527 billion in revenue for the first half of the year, marking 39.5 per cent in growth driven by the introduction of variable pricing at the end of January and two new toll gates last November.
The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as US retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.