Fujairah Resources Corporation And ONHYM Forge Cooperation Agreements In Energy And Mining Sectors

The Fujairah Natural Resources Corporation (FNRC) and the Fujairah Oil Industry Zone (FOIZ) have entered into separate agreements with Morocco’s National Office of Hydrocarbons and Mines (ONHYM). These agreements aim to boost cooperation in the energy, mining, and petroleum sectors. The partnerships were formalised during the Crans Montana Forum held in Rabat.

The FNRC-ONHYM agreement emphasises scientific and technical collaboration in mineral exploration. It includes exchanging geological data, providing specialist training, and conducting joint research projects. This initiative aims to promote sustainable management of natural resources. Eng. Ali Mohammed Qasem, Director General of FNRC, highlighted that this partnership aligns with Fujairah’s strategic vision to expand regional and international cooperation in energy and mining.

Eng. Qasem stated that the collaboration with ONHYM is a significant step towards exchanging technical expertise. It aims to advance sustainable resource management, which will support economic growth in both countries. The focus is on fostering a mutually beneficial relationship that enhances both nations' capabilities in managing their natural resources efficiently.

The agreement between FOIZ and ONHYM seeks to strengthen ties in oil, gas, and renewable energy sectors. It involves sharing expertise in infrastructure and industrial technologies while promoting efficiency and innovation in petroleum operations. Captain Salem Al Afkham, Director General of FOIZ, noted that this agreement reflects Fujairah’s efforts to develop its energy sector further.

Captain Al Afkham added that the partnership with ONHYM exemplifies sustainable economic collaboration based on knowledge sharing and integration. This move is part of Fujairah's strategy to enhance its position as a global centre for oil storage and trade by building strong international partnerships.

Strategic Expansion in Energy Markets

These agreements underscore Fujairah’s strategic direction to broaden its international presence in energy and mining markets. By establishing strong partnerships, Fujairah aims to support its role as a leading regional platform for mining, petroleum, and renewable energy industries. The emirate is committed to fostering long-lasting collaborations that contribute to its economic development.

The focus on expanding international cooperation aligns with Fujairah's goal of becoming a pivotal player in the global energy sector. By leveraging these partnerships, Fujairah seeks to enhance its capabilities and reputation as a hub for innovation and efficiency in energy management.

With inputs from WAM