Business Recorder - Markets - Energy https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Fri, 14 Aug 2026 00:18:10 +0500 Fri, 14 Aug 2026 00:18:10 +0500 60 UAE's Arabtec unit wins $56 million contract for Shah gas https://www.brecorder.com/news/3743/uaes-arabtec-unit-wins-56-million-contract-for-shah-gas <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/flexisf/shah-gas-400.jpg" width="400" height="256" />DUBAI: A unit of Dubai-based Arabtec Holding has won a 206 million UAE dirham ($56.08 million) construction contract for the Shah Gas development project in Abu Dhabi, the company said on Sunday.</p> <p class="MsoPlainText">Target Engineering Construction Co would start work on the project from March 1 and construction was expected to last 33 months, Arabtec said in a statement released on the Dubai bourse.</p> <p class="MsoPlainText">The contract awarded by Italy's Saipem SPA includes construction of 12 substation buildings and equipment shelters with a total area of 20,000 square metres.</p> <p class="MsoPlainText">Abu Dhabi National Oil Company (ADNOC) has awarded Occidental Petroleum its giant $10 billion Shah Gas project, after US energy major ConocoPhillips pulled out of the project last year.</p> <p><center><b><i>Copyright Reuters, 2011</i></b><i></i><br /></center></p> DUBAI: A unit of Dubai-based Arabtec Holding has won a 206 million UAE dirham ($56.08 million) construction contract for the Shah Gas development project in Abu Dhabi, the company said on Sunday.

Target Engineering Construction Co would start work on the project from March 1 and construction was expected to last 33 months, Arabtec said in a statement released on the Dubai bourse.

The contract awarded by Italy's Saipem SPA includes construction of 12 substation buildings and equipment shelters with a total area of 20,000 square metres.

Abu Dhabi National Oil Company (ADNOC) has awarded Occidental Petroleum its giant $10 billion Shah Gas project, after US energy major ConocoPhillips pulled out of the project last year.

Copyright Reuters, 2011

]]> Markets https://www.brecorder.com/news/3743 Sun, 20 Feb 2011 07:59:58 +0500 none@none.com (Syed Murtaza Gheblehzadeh)