Sheikh refuses access to NT property

A BILLIONAIRE sheikh Hamad bin Hamdan Al Nahyan from the royal family in the United Arab Emirates — who made his fortune through oil — has refused the exploration attempts of an oil and gas company on his pastoral property in Central Australia.
The actions have raised questions regarding the right of veto being sought by pastoralists when it comes to exploration, specifically foreign owned properties.
More than 45 cattle stations in the NT are foreign-owned.
Sheikh Hamad Bin Hamdan Al Nahyan is worth an estimated $20 billion.
Sheikh Hamad bin Hamdan Al Nahyan, dubbed the rainbow sheikh due to his collection of different coloured Mercedes Benz, owns Idracowra Station, a 462,800ha property 190km south of Alice Springs on the Stuart Hwy.

The Al Nahyan family is one of the six ruling families of the United Arab Emirates.
He is reportedly twice as rich as mining magnate Gina Rinehart —around $20 billion — and he’s one of the world’s largest car collectors with up to 400 cars and trucks.
Idracowra Station was highlighted by Santos vice president exploration Bill Overton during the recent public hearings at the hydraulic fracturing inquiry.

He was using it as an example where land access was not always agreed to and gas companies did not “bully” their way through.
APPEA NT director Matt Doman would not speculate on the “individual’s motivations” for frustrating the attempts by Santos but said it highlighted the land access issue.
“Australia’s natural resources belong to all Australians, or more specifically the states and territories in which they live,” he said.
“It is appropriate that decisions about resource development are made by their elected governments, not just the individuals who own or lease the land where development may occur.
“In the case where those landholders are foreign interests, it is even less appropriate that they be empowered to block the development of Australian resources.
“However, it is important that landholders have the opportunity to agree the terms of access to their land.
“In the NT, government approvals for the start of any oil and gas-related activity will not be granted in the absence of an access agreement.”
Sheikh Hamad Bin Hamdan Al Nahyan has one of the largest car collections in the world.

The website for the company, Shoujaa Trust Pty Ltd, does not list any telephone numbers and all communication is completed by either email or online form submission including for jobs or purchasing cattle.
The station is currently selling “Micky Bulls”.
The NT News contacted the Australian office of the sheikh for comment but did not receive a response by last night.
Federal Treasurer Scott Morrison — who is yet to visit the NT as Treasurer — has previously been outspoken on foreign ownership when considering the bids for iconic cattle company Kidman & Co.
But he did not respond to specific questions regarding foreign ownership, access and resource development.
“Foreign investment has underpinned the development of our nation and we must continue to attract the strong inflows of foreign capital that our economy requires,” he said.
“The foreign investment framework facilitates such investment while giving assurance to the Australian community that the investment is being made in a way that does not compromise Australia’s national interest.”
There are more than 50 land access agreements between pastoralists and the gas industry with Santos having 29 in the NT and more than 1450 in Queensland.
Source: http://www.ntnews.com.au/business/sheikh-hamad-bin-hamdan-al-nahyan-refuses-oil-and-gas-exploration-attempts-on-northern-territory-property/news-story/afc5651b44c4dd26618af5190f02a1d7

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7 Comments Add yours

  1. Lyn says:

    When will we stop calling takeover of our country investment. They did not develop the assets, they are here as users for their benefit not our national interests!!’

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  2. Russ Lowes says:

    Why is an Arab prince from the UAE allowed to buy property in Australia when you can’t buy in the UAE except in special zones!??

    Sent from my iPhone

    >

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  3. This is amusing… the Australian public listens to crap about Saudia Arabria not allowing muslim immigrants in and so should we then we learn that the same people will not enable access to land of this country…so which politician/s sold out the Australian people?…what absolute d—h—-.

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  4. Norman Guy says:

    He shouldn’t have been allowed to own it in the first place.

    Sent from Outlook

    ________________________________

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    1. Lyn says:

      When will we change our language? Foreign TAKEOVER of our wealth creating assists and our land IS NOT INVESTMENT!!! We lose transparency in where the money really goes and where the decisions are really made!!’nn

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  5. John G. oakman. JP. says:

    How is it that the government allowed this person to own this land in the first place?.
    What right does he have to stop the advancement of our australian mineral rights to benifet ALL true blue Australians.
    When is the Australian Government [of both sides]going to get some guts and stop the takeover of OUR country by foreigners ?. In the B.S. name of investment!… 😦

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  6. Diane Wilson says:

    Here’s a test for the mining companies who have been riding roughshod over AUSTRALIAN property owners. Will the government show some guts and force this FOREIGN property owner to allow access to his property or will they take the money and hide their heads in the sand. Personally I am also against santos because of its bullying tactics where they developed csg mining in the eastern states

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