Business & Money | Thursday 19 April, 2018 12:50 pm |

After the recent announcement of the Government of Ras Al Khaimah appointing His Highness Sheikh Ahmed Bin Saud Bin Saqr Al Qasimi as Chairman of Ras Al Khaimah Petroleum Authority (“RAKPA”), Nishant Dighe is appointed as Chief Executive Officer of RAKPA. Nishant Dighe, also the Chief Executive Officer of RAK Gas, is appointed to RAKPA on an interim basis until completion of the award of the petroleum rights under RAK’s 2018 petroleum licensing round (“the Licensing Round”), at which time a permanent appointment will be made. 

 

On 2 April 2018, the Government of Ras Al Khaimah announced the official launch of the Licensing Round and the establishment of RAKPA – the new regulator responsible for the Licensing Round tendering process and ongoing regulation of the petroleum sector in Ras Al Khaimah.  These actions reflect the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, regarding the development of the Emirate and its natural resources.