Mubasher: NMDC Energy has secured three new offshore projects from Saudi Aramco worth a combined AED 2.80 billion ($763.30 million), according to a bourse disclosure.
The Abu Dhabi-listed contractor received a letter of award for engineering, procurement, and construction (EPC) work, with the three projects expected to be implemented within 18 to 23 months.
On the sidelines of the World Petroleum Congress (WPC Energy), the Saudi oil giant’s President and CEO warned that attacks on regional energy infrastructure have consequences far beyond the Middle East, affecting economies and markets worldwide.
Amin Nasser noted that disruptions in the Strait of Hormuz, alongside attacks on energy facilities, have highlighted the interconnected nature of global supply chains.
