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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

AD Ports, Eni Abu Dhabi sign pact

  • Mugharraq Port was recently recognized as an international port facility.
  • Its new status enables it to receive and service a host of international and local vessels.

AD Ports has signed a new agreement with Eni Abu Dhabi B.V., the Abu Dhabi-based branch of the Italian Integrated Energy Company, to establish a marine logistics base at Mugharraq Port, supporting offshore drilling operations in the heart of Al Dhafra region.

Mugharraq Port’s ultra-modern infrastructure and its strategic location close to the region’s offshore oil and gas facilities will be made available to Eni Abu Dhabi operations.

In addition to being provided a dedicated quay wall, marshaling yard, as well as manpower and logistical equipment, the company will also have access to liquid mud and bulk plant facilities onsite, the group said.

Saif Al Mazrouei, Head of Ports Cluster, AD Ports Group, said, “Utilising the industry-leading infrastructure and service capability that we have on offer at Mugharraq Port, Eni will be able to operate in proximity to its offshore drilling facilities benefiting operational efficiency.”

Mubarak Al Mazrouei, Port Director – Al Dhafra Region, AD Ports Group, said that Mugharraq Port has a rich history as a leading maritime facility in Al Dhafra region that has long supported a wide range of offshore, general cargo, bulk and break-bulk, and commercial logistics operations.

The port was also recently recognized as an international port facility and received its official certification from the UAE’s Ministry of Energy and Infrastructure as per the guidelines of the International Code for the Security of Ships and Port Facilities (ISPS Code).

As part of its new status, Mugharraq Port is now able to receive and service a host of international and local vessels.