Arab Today, arab today abu dhabi to spend 40b on energy projects
Last Updated : GMT 17:13:41
Arab Today, arab today
Arab Today, arab today

Abu Dhabi to spend $40b on energy projects

Arab Today, arab today

Arab Today, arab today Abu Dhabi to spend $40b on energy projects

Abu Dhabi - Arabstoday

Abu Dhabi’s state oil producer will spend $40 billion (Dh146.93 billion) on crude, natural gas, petrochemical and refinery projects from 2010 through 2014. Gas projects under construction account for $25 billion of that, Mohammad Sahoo Al Suwaidi, chief executive officer of Abu Dhabi Gas Industries Ltd. (Gasco), said. “These include Integrated Gas [IGD] and Shah Gas development projects,” Al Suwaidi added. “Adnoc will soon be launching an effort to further develop onshore and offshore reserves, with an additional emphasis on developing offshore gas resources,” Al Suwaidi said. “Our aim is to meet the rising domestic gas demand, which is growing by approximately 15 per cent annually, and to open up opportunities for international oil companies.”The emirate last month signed an agreement with OMV AG of Austria and Wintershall AG, the oil-producing unit of Germany’s BASF SE, to evaluate a sour gas and condensate field in its western desert. It aims to start producing about 500 million cubic feet a day of sour gas in 2014 from a $10 billion venture with Occidental Petroleum Corp. at the Shah field in the same region. Abu Dhabi will soon start the Fujairah pipeline, Ali Al Jarwan, chief executive officer of Abu Dhabi Marine Operating Co, said. Oil exports from the 1.5 million-barrel-per-day Abu Dhabi crude oil pipeline, an all new pipeline that runs from Habshan in Abu Dhabi to Fujairah, is expected to start from August, “Within July, we will have the commissioning [of the pipeline]. Once we have the commissioning, in August, it’s expected the flow of oil for exports will start,” Al Jarwan told reporters at a news conference. The $3.3 billion, 370-kilometre Habshan-Fujairah pipeline is strategic as it would allow the UAE to have direct access to the Indian Ocean for its crude oil exports. It will also give the country an option to bypass the Strait of Hormuz for its oil shipments should there be a problem in that water channel through which nearly a fifth of the world’s seaborne oil passes. He said the Abu Dhabi government-controlled investment firm Mubadala Development Co. plans to build a liquefied natural gas (LNG) receiving facility at Fujairah to enable LNG imports which would help meet the UAE’s growing energy requirements. from gulfnews.com

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today abu dhabi to spend 40b on energy projects Arab Today, arab today abu dhabi to spend 40b on energy projects

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday