Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

UCC Holding signs contracts for seven Kazakhstan projects

UCC signed two energy contracts. (UCC)
  • The first contract with QazaqGas includes two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA.
  • The second contract includes the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region.

Doha, Qatar — UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan.

The first contract with QazaqGas comprises two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA and the construction of a New Compressor Station CS-14 and Main Gas Pipeline CS-14 – Kostanay Project, and the construction of the second line of the Beniu-Bozoy-Shymkent gas pipeline project (BBS).

The contract was signed by Mohammed Moutaz Al-Khayyat, representing UCC Holding in his capacity as Chairman, and Sanzhar Zharkeshov, representing QazaqGas, as CEO.

The second contract with the Ministry of Energy encompasses a contract for the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region, an MoU for a gas treatment plant with a capacity of 6 (4+2) billion cubic meters in the Kashagan field (Phase 2B).

The contract and MoU were signed by Minister of Energy  Almassadam Satkaliyev on behalf of the Ministry and Mr. Mohamed Moutaz Al Khayyat on behalf of UCC Holding in his capacity as Chairman.

Qatar Amir Sheikh Tamim bin Hamad Al-Thani and President of the Republic of Kazakhstan Kassym-Jomart Tokayev witnessed the signing.