Article length: 136 words
UAE: RakGas signs Zanzibar E&P deal
Ras Al-Khaimah’s RakGas has signed a production-sharing agreement with Zanzibar Petroleum Development Company in Tanzania. The deal is the first oil and gas exploration project on the island following the implementation of an upstream oil and gas act in 2016. RAK Ruler Sheikh Saud Bin Saqr Al-Qasimi was in Zanzibar to witness the signing ceremony on 29 October.
Credit value: 1