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Analysing the impact of the declining oil prices on the key sectors of the U.A.E. economy

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Read Kalpesh Ramwani’s article in the 35th Issue of Finance ME magazine as he analyses the impact of the recent oil price tumble and what it means for the United Arab Emirates.

 

 

UAE oil prices impact to Emirates

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ORPIC prequalifies bidders for Liwa Plastics project

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Oman Refineries and Petroleum Industries Company (ORPIC) prequalifies 19 contractors for 4 packages (Steam Cracker, PE&PP units, NGL Plant & NGL pipeline) of the Liwa Plastics Petrochemical project. An Invitation-to-Tender is yet to be issued & contract awards are expected in Q4 2015.

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Tecnicas Reunidas wins a $700m ADNOC - IGD Expansion

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TR awarded $700m contract for PKG3 of ADGAS- Integrated Gas Development (IGD) expansion. Scope: Onshore gas processing units, gas pipelines, condensate pipelines and interconnects. Other packages(offshore pipeline & gas treatment plant) to be awarded.

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Contax Partners News: AMH receives Donation for the American Mission Equipment Fund

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AMH received BD 2,000 donation for the American Mission Equipment Fund from Contax Partners.

 

contax amh donation bahrainContax Partners, the leading provider of strategic intelligence to the Middle East energy industry, has officially presented a cheque for BD 2,000 to American Mission Hospital as part of its commitment to health care in the community with its donation to the American Mission Hospital Equipment Fund for the 17th Annual Island Classic Charity golf tournament. The donation will be used to purchase equipment needed for the Physiotherapy Unit in Amwaj.

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Aramco tenders Master Gas System Expansion Phase2 packages ($1.5bn)

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Low oil prices lowers expectations for 2015

Post several recent cancellations, Aramco tenders 1st major project of 2015; Master gas System Expansion Phase2 ($1.5bn): 4 Pipeline Packages. Bidders: Al-Rashid; CAT; CCC/Dutco McConnell Dowell; Dodsal; HAK; Saipem; Saudi KAD Construction; Tekfen.

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