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MEEF - Middle East Engineering Projects News & Releases
 

Ducab announces AED 700 million sales in first half of 2006

Ducab, the leading manufacturer of high-quality power cables in the Middle East, has achieved record sales worth AED 700 million for the first half of 2006.

United Arab Emirates.
 

During the first half, Ducab won a string of major utilities contracts, from Dubai Electricity and Water Authority (DEWA) Federal Electricity and Water Authority (FEWA), Saudi Electric Company and Abu Dhabi Water and Electricity Authority (ADWEA) worth a total of over AED 600 million.

2006 marks Ducab's strong performance within the Oil, Gas and Petrochemical sector. Ducab received orders from Bechtel Huston - USA, Snamprogetti SpA - Italy, S.K. Engineering - Korea, Chiyoda Corporation - Japan, Technip - France and other reputed international EPC contractors. The orders were for the supply of MV & LV cables to major projects around the region including AGD II, OGDIII, NGL III in Abu Dhabi, KOC upgrade in Kuwait and Ras Gas in Qatar.

Colin Paskins, Managing Director, Ducab, said,

'This has already been an extremely successful year for us and all indicators of growth have been particularly positive. The impressive sales result is certainly commendable by any standards, and we are glad that we have efficiently catered to the growing demand for high quality cables in the region. In the last few months we have signed deals with several major clients from the government and private sector and we look forward to maintaining this momentum for the rest of the year.'

Ducab also announced that its Abu Dhabi factory, which recently completed one year of operation, has a new building wire manufacturing facility which is now fully operational.

The Abu Dhabi factory was recently awarded an ISO 14001 Environmental Management System certificate and an OHSAS 18001 Occupational Health and Safety certificate by BASEC (British Approval Services for Cables). These certifications are the latest in a string of recognitions achieved by the company.

 


Qatar-UAE pipeline 'to go ahead'



A UAE-based company has said it has not received any objection from neighboring Saudi Arabia about its pipeline to carry Qatari gas to the United Arab Emirates.

Financial news agency Bloomberg reported on Tuesday that Saudi Arabia had sent a letter to an Abu Dhabi bank saying it had not approved the line crossing its territory.

The pipeline company said in a statement: "Dolphin Energy has not received any objection or protest from any country concerning the pipeline project that runs exclusively within the maritime areas of the states of the United Arab Emirates and Qatar."

 
A Gulf source told Reuters: "A project of this size and partners of this caliber cannot be agreed upon without first checking all legal and related documents." 

Dolphin Energy is 51%-owned by Mubadala Development Company, an investment vehicle of the government of Abu Dhabi, and France's Total, and US Occidental Petroleum hold 24.5% each.

Dolphin said the pipeline, part of a $3.5 billion project, would be completed within a few weeks.

Gulf neighbors Saudi Arabia and Qatar have strained political relations over a number of issues.

Disagreement

Riyadh has objected to the construction of another gas pipeline from Qatar to Kuwait, and Qatar's oil minister has said that the project had been scrapped for that reason.

There is also a disagreement between Saudi Arabia and the UAE, under which the United Arab Emirates ceded to Saudi Arabia a strip of land linking the UAE and Qatar.

Abu Dhabi has said it wants to amend the pact.

The National Bank of Abu Dhabi, which Bloomberg said had received the Saudi memo, declined to comment.

The Dolphin gas project aims to pump an initial two billion cubic feet a day of natural gas from Qatar's giant North Field in the Gulf to buyers in the UAE.

Dolphin has already started to supply natural gas to Fujairah and Ras al-Khaimah emirates through a pipeline in the UAE.

 

 

 


 
 
 

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