You are hereHome SectorsUAE
Abu Dhabi awards US$817 million Zakum oil deal
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu July 12, 2012 11:15 am
china wholesale market

UAE. Zakum Development Co., which plans to raise output from Abu Dhabi’s Upper Zakum oil field, awarded a contract to Technip SA (TEC) and National Petroleum Construction Co. valued at about AED3 billion dirhams (US$817 million), The National newspaper reported, citing a spokesman for Paris-based Technip.

The consortium will start building offshore facilities for the project, which wants to boost production by 50% to 750,000 barrels a day, according to the newspaper with headquarters in Abu Dhabi, the capital and largest sheikhdom of the United Arab Emirates.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 1, 2015
INTERNATIONAL. "We think that sukuk issuers will likely list more of their sukuk on exchanges and that some regulators will start to accept sukuk as collateral for liquidity provisions."
date:Posted: April 1, 2015
UAE. Investment bank focused on emerging markets asserts that Dubai could also be a beneficiary, as multinational companies could use the emirate as their hub for Iran opportunities.
date:Posted: April 1, 2015
UAE. Last year marks the fourth consecutive year private equity limited partners have been cash flow positive, with payouts from a wide open exit channel exceeding new investments in a challenging deal environment.
dhgate