Sharjah National Oil Corporation acquired 30% stake in Block 7 in Ras Al Khaimah from Eni S.p.A. (BIT:ENI) on May 10, 2024. Post transaction, Sharjah National Oil Corporation will own 30% of block 7, RAK Gas will own 10%, and Eni will own 60% as the operator.

Sharjah National Oil Corporation completed the acquisition of 30% stake in Block 7 in Ras Al Khaimah from Eni S.p.A. (BIT:ENI) on May 10, 2024.