Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

NPCC receives award for MERAM project

A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan.
  • The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.
  • MERAM project is expected to increase the recovery of methane from ADNOC Gas's facilities.

Abu Dhabi, UAE — The National Petroleum Construction Company (NPCC), a subsidiary of the National Marine Dredging Group (NMDC Group), in partnership with Técnicas Reunidas (NPCC TR JV), has received an award for the Methane Recovery and Maximization (MERAM) project from ADNOC Gas.

The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.

The scope of the project includes expanding the gas processing infrastructure at ADNOC Gas’s facilities and increasing feedstock recovery to provide feedstock supplies for the Ruwais Industrial Complex.

Commenting on the award, Eng. Yasser Zaghloul, NMDC Group CEO, said, “This project constitutes a positive addition to maximizing the capabilities and expertise of Emirati cadres in the field of energy and construction.”

MERAM project is expected to increase the recovery of methane from ADNOC Gas’s facilities. Methane is a potent greenhouse gas, so this will help to reduce greenhouse gas emissions.

It will provide feedstock supplies for the Ruwais Industrial Complex, a major petrochemical complex in the UAE besides creating jobs and improving air quality in the region.