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Sharjah

Sharjah Oil Co merges with Shalco

: Tuesday, February 04 - 2014 @ 00:22

The government of Sharjah has decided to merge the Sharjah Liquefaction Gas Co (Shalco) with the Sharjah Oil Co into one corporation, Wam has reported. The new firm, called the Sharjah National Oil Corp (SNOC), shall have financial and administrative autonomy and operate on a commercial basis, the government said. The headquarters of the SNOC will be in Sharjah City and branches will be established inside and outside the emirate, it said.

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Tuesday, February 4- 2014 @ 0:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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