On Wednesday, a gas unit of State oil giant Abu Dhabi National Oil Company said that it awarded a 3.6 billion contract to develop its gas processing infrastructure in the United Arab Emirates.
ADNOC Gas said in a statement that the contract was given to a joint venture between National Petroleum Construction Company Co PJSC( NPCC), owned by Abu Dhabi state fund ADQ, and Spain’s Tecnicas Reunidas.
Moreover, the new gas processing facilities will allow an “optimized supply” to the Ruwais Industrial Complex in Abu Dhabi’s western Al Dhafra region.
However, the firm added that ADNOC Gas‘ Maximising Ethane Recovery and Monetization Project aims to boost ethane extracted by 35-40% from its onshore facilities in the Habshan complex by building new processing facilities and “unlock further value” from existing feedstock and delivering it to Ruwais through a 120 – km(75 miles), natural gas liquids pipeline.
Moreover, ADNOC said around 70% of the value of the contract would flow back into the UAE’s economy.
