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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.

Abu Dhabi Ports plans uninterrupted gas supply for customers

FOR REPRESENTATION PURPOSE ONLY
    • The aim of this project is to reduce risk by protecting ZonesCorp’s customer facilities

    • That should ensure an uninterrupted flow of gas to more than 700 manufacturing industries across the Industrial City of Abu Dhabi

    Abu Dhabi Ports has started to upgrade its network service across ZonesCorp to ensure non-stop gas supply to its customers, said local reports on Sunday, August 8.

    ZonesCorp is part of the Industrial Cities & Free Zone Cluster of Abu Dhabi Ports, explained the reports.

    The system modernization is expected to take place over the next several months as part of a continuous comprehensive zone development plan.

    The aim of this project is to reduce risk by protecting ZonesCorp’s customer facilities to ensure an uninterrupted flow of gas to more than 700 manufacturing industries across the Industrial City of Abu Dhabi.

    After it is completed, Abu Dhabi Ports’ customers are expected to witness an optimized data-driven network, with detailed gas consumption and consumer analytics.

    The network upgrade will also reportedly ensure greater energy efficiencies in line with the highest international safety and maintenance standards.

    ZonesCorp is expected to complete the project in multiple phases by the end of 2022.

    It will reportedly use the latest technology and measures for leakage prevention, fire detection, surveillance, installation of fire-fighting systems, and advanced monitoring and controls.

    The local reports quoted Abdullah Al Hameli, head of the Industrial Cities and Free Zone Cluster at Abu Dhabi Ports, as saying: “The enhancement of the gas network within our zones is part of a larger development plan aimed at providing the best services and infrastructure to our customers.”

    He added: “By reaching this development milestone, we will be safeguarding and improving the reliability of our network and modernizing our systems.”

    ZonesCorp Chief Executive Officer Mohamed Al Khadar Al Ahmed was quoted by the local reports as saying: “A steady and secure supply of energy sources such as natural gas is the backbone of ZonesCorp’s proposition and a crucial prerequisite for our industrial investors.”