Saud Al Qasimi issues law on regulating petroleum sector in Ras al-Khaimah

RAS AL KHAIMAH, 10th April 2018 (WAM) — H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has issued a law regulating the petroleum sector in the emirate of Ras al-Khaimah.

The law aims at regulating the exploration and commercial use of the petroleum resources within the territories of Ras al-Khaimah, in a way that will benefit the national economy and provide a conducive environment to attract investments in the sector.

It also provides a regulatory framework for the exploration, development and commercial operations of petroleum resources in Ras al-Khaimah.