ABOUT RAK PETROLEUM AUTHORITY
The RAK Petroleum Authority (RAKPA), operates within the scope of Law No (4) of 2018 and Law No (5) of 2019, focusing on the protection, recovery, and commercial utilisation of petroleum resources to enhance Ras Al Khaimah’s economy. The development of an additional regulatory framework aims to further enhance the management of the energy sector in Ras Al Khaimah, reflecting evolving industry standards and global best practices.
These are broken down into:
LICENSING & REGULATORY OVERSITE
Providing a comprehensive licensing framework, promoting specific energy production under regional regulatory standards.
UPSTREAM
Drilling & Production Management: Overseeing drilling and production with an emphasis on safety and efficiency, adhering to best practices.
Plugging & Abandonment (P&A): Implementing international decommissioning standards for non-productive wells.
Infrastructure management and development: Managing pipeline and facility operations, guided by industry norms.
Technological Advancements in Hydrogen and Carbon Management: Lead new energy development with emerging technologies.
DOWNSTREAM
Transportation: Ensuring secure and efficient distribution of petroleum products.
Storage Solutions: Overseeing advanced storage systems for supply chain integrity.
Market Regulation & Trading: Creating a stable trading environment, promoting economic growth.
Sustainability & Environmental Compliance: Committed to environmental responsibility in alignment with national and global energy goals.
RAKPA actively incorporates these practices, anticipating new regulatory frameworks, to ensure the sustainable and regulated growth of Ras Al Khaimah’s energy sector. This approach ensures our contributions are in alignment with the UAE’s broader energy objectives.