Sharjah's Energy Leader Steers the Course: Sultan bin Ahmed Al Qasimi Chairs Sharjah National Oil Corporation's Top Management Meeting

Sharjah's national oil company just approved its biggest expansion plan yet, with leadership signing off on a five-year strategy through 2030 and green-lighting major field development projects. The move signals the emirate's push to boost energy security while balancing environmental concerns.

Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Sharjah's Deputy Ruler and head of Sharjah National Oil Corporation (SNOC), led the high-level meeting at the Oil Department offices. The session covered everything from budget approvals to digital transformation plans.

The company approved its 2026 financial budget and the comprehensive 2026-2030 five-year plan. But the standout decision was moving forward with developing the Hadiba field, along with several other strategic projects that weren't detailed in the announcement.

SNOC also reviewed its digital transformation project, though specifics about the technology upgrades remain under wraps. This fits a broader trend across Gulf oil companies modernizing their operations to stay competitive.

The timing is significant. With global energy markets still volatile and the UAE pushing both oil production and renewable energy goals, regional players like SNOC are expanding capacity while trying to reduce environmental impact. Sharjah's approach emphasizes sustainable development alongside energy security.

The meeting wrapped up with recognition for founding members as SNOC marks 15 years since its establishment. Sheikh Sultan praised the company's role in supporting diverse projects that align with Sharjah's broader development strategy.

For investors watching UAE energy markets, SNOC's expansion plans suggest continued confidence in oil sector growth, even as the country diversifies its energy portfolio. The Hadiba field development could add meaningful production capacity in the coming years.