ADNOC Gas has signed a $3.6 billion contract to a joint venture between National Petroleum Construction Company (NPCC) and Spain’s Tecnicas Reunidas for expanding the gas-processing infrastructure in the UAE.
The contract includes the commissioning of new gas processing facilities that will enable an optimised supply to the Ruwais Industrial Complex, the company announced on Wednesday.
The contract is expected to have a significant positive impact on the UAE’s economy, with over 70 percent of its value flowing back into the country, the statement added.