Borsat Al Khaleej Live Support
17/03/2025 03:49 AST
NMDC Energy (formerly National Petroleum Construction Company) has announced that it has received a letter of award worth AED9.7 billion ($2.6 billion) for a key energy project in Abu Dhabi.
As per the deal, NMDC Energy will be providing the engineering, procurement and construction (EPC) services for the project beginning March 31.
The entire work will be completed within a 57-month period, it stated.
Established in 1973, NMDC Energy is a leading EPC company working in the energy sector. From its base in Abu Dhabi the group provides a wide range of EPC services for global energy majors including Adma-Opco, Zadco, Aramco and ONGC.
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Abu Dhabi-based NMDC Energy has signed a memorandum of understanding with US energy technology firm Baker Hughes to localize offshore solutions in Saudi Arabia.
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 26.52 | -0.08 (-0.31 |
| ADNOCGAS | 3.51 | 0.04 (1.15 |
| ADNOCDRILL | 6.14 | 0.01 (0.16 |
| BAHRI | 31.94 | 0.00 (0.00 |
| PETRORABIGH | 12.40 | -0.30 (-2.37 |
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