Reported 2 days ago
EOG Resources, Inc. has been awarded a new onshore oil exploration concession in the United Arab Emirates by Abu Dhabi’s Supreme Council for Financial and Economic Affairs. The company will evaluate 900,000 acres in the Al Dhafra region, with the possibility of entering a production concession after a three-year appraisal if commercial hydrocarbons are discovered. The announcement was made during President Trump's visit to the UAE, marking a significant development in American investments in energy projects in the region.
Source: YAHOO