UAE's SNOC Announces Start of Gas Production at Mahani Field

Sharjah National Oil Corporation (SNOC) logo
Sharjah National Oil Corporation (SNOC) logo
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UAE's SNOC Announces Start of Gas Production at Mahani Field

Sharjah National Oil Corporation (SNOC) logo
Sharjah National Oil Corporation (SNOC) logo

UAE's Sharjah National Oil Corporation (SNOC) and partner ENI announced on Sunday the start of gas production at the recently discovered Mahani field in Sharjah, UAE state news agency WAM reported.

SNOC and Italian energy giant Eni announced the discovery of Mahani last year, a new find of natural gas and condensate onshore in Sharjah, and the first in the emirate since the early 1980s.

Production would start at the Mahani-1 gas well in the Mahani field in Area-B in Sharjah, WAM reported.

"The announcement comes within one year of the discovery of gas in the Mahani field, which represents the first new onshore discovery in Sharjah in 37 years," it said.



World Bank in Talks to Help Finance $28 bln Turkish Energy Upgrade

Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
TT

World Bank in Talks to Help Finance $28 bln Turkish Energy Upgrade

Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights
Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights

The World Bank is in talks with Türkiye to help finance an upgrade to the country's energy transmission system expected to cost about $28 billion, the World Bank country director for Türkiye told the state-run Anadolu Agency.

Humberto Lopez was quoted on Saturday as saying the World Bank was in talks with Turkish ministry of energy about the matter.

Reuters reported last month that the World Bank was talking to Ankara about increasing financing beyond the $35 billion it has already provided through 2028.

Türkiye and the World Bank also signed last month a $1.9 billion financing deal for four projects focusing on renewable energy, flood management, climate change adaptation and mitigation, and support for the export sector.