A sign displaying the old name of Adnoc’s gas processing plant at Ruwais refinery. Adnoc looks to achieve gas self-sufficiency by 2025.  Jennifer Gnana / The National
A sign displaying the old name of Adnoc’s gas processing plant at Ruwais refinery. Adnoc looks to achieve gas self-sufficiency by 2025.  Jennifer Gnana / The National

Adnoc brings gas plant onstream to feed Northern Emirates



Abu Dhabi National Oil Company brought onstream its Taweelah gas compression plant, which is expected to supply up to 450 million cubic feet per day to meet the requirements of industries in Abu Dhabi and the Northern Emirates.

“[The plant] effectively expands the national gas infrastructure for the efficient delivery of gas within the country,” said Adnoc group chief executive Dr Sultan Al Jaber.

"This will allow Adnoc to better service its customers throughout the UAE and to implement one of our key strategic imperatives, which is to provide a sustainable and economic supply of gas."

The inauguration of the plant located 50 kilometres north of Abu Dhabi follows Adnoc's announcement earlier this month of the discovery of up to 15 trillion cubic feet of gas, an addition of 7.1 per cent to existing reserves.

Adnoc, which currently produces 10.5 billion cfd of raw gas, plans to add 1 billion cfd before the end of the next decade, as it seeks gas self-sufficiency.

Fuel to the Taweelah gas processing plant will be delivered by the newly installed Maqta-Taweelah pipeline, which has its source at the Habshan gas field and is operated by the state producer’s gas processing subsidiary.

German company Siemens was the main contractor on the project, which comprises three compression trains, each of which has 225 million cfd processing capacity.

At any one time, two of those trains would be operational with a third on standby, the company said.

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Upstream activity in Abu Dhabi’s gas sector is expected to see an uptick following the approval of Dh486 billion by Supreme Petroleum Council earlier this month to spend over the next five years in unlocking the emirate’s largely sour gas caps.

Adnoc’s latest spending commitment does not stop at achieving gas self-sufficiency but also has a bigger aim of becoming a net exporter of the fuel.

According to consultancy Wood Mackenzie, Abu Dhabi could develop significant liquefied natural gas capacity by 2024 on the back of its latest gas discoveries.

Abu Dhabi’s state producer has also begun ramping up efforts to drive upstream exploration work through its ongoing licensing round for six oil and gas blocks this year.

A number of firms have already been awarded concession agreements to develop Abu Dhabi’s sulphurous gas reserves.

Adnoc awarded Italian energy company Eni a 40-year 25 per cent stake in the multibillion dollar Ghasha project, Abu Dhabi's first ultra-sour gas offshore project in early November.

The firm was looking for more partners to work on the gas concession, according to Dr Al Jaber.

Abu Dhabi's state producer also awarded French oil major Total a 40 per cent stake to develop the Ruwais Diyab gas concession.

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

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OPTA'S PREDICTED TABLE

1. Liverpool 101 points

2. Manchester City 80 

3. Leicester 67

4. Chelsea 63

5. Manchester United 61

6. Tottenham 58

7. Wolves 56

8. Arsenal 56

9. Sheffield United 55

10. Everton 50

11. Burnley 49

12. Crystal Palace 49

13. Newcastle 46

14. Southampton 44

15. West Ham 39

16. Brighton 37

17. Watford 36

18. Bournemouth 36

19. Aston Villa 32

20. Norwich City 29

 

 

 

 

 

 

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Turkish Ladies

Various artists, Sony Music Turkey 

Graduated from the American University of Sharjah

She is the eldest of three brothers and two sisters

Has helped solve 15 cases of electric shocks

Enjoys travelling, reading and horse riding

 

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Married Malala

Malala Yousafzai is enjoying married life, her father said.

The 24-year-old married Pakistan cricket executive Asser Malik last year in a small ceremony in the UK.

Ziauddin Yousafzai told The National his daughter was ‘very happy’ with her husband.

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

The Beach Bum

Director: Harmony Korine

Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg

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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

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TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

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Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

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5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

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About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group