MMG excels in safety at YASREF SP Project

Updated 28 July 2013
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MMG excels in safety at YASREF SP Project

Mohammad Al-Mojil Group (MMG), one of the largest Saudi construction companies, announced in Dammam that it had realized, in cooperation with other subcontractors, an unprecedented safety achievement during its operations at Yanbu Aramco Sinopec Refinery Company (YASREF) Interconnecting Systems Package (SP Project).
MMG did this by averaging 70 million working man-hours at all packages of YASREF SP Project currently operated by Saudi Aramco and Sinopec. No lost time incidents or work-related injuries have been reported within the project or at any of its related facilities.
MMG CEO Stewart Macphail said: “The dedicated compliance with international safety requirements by MMG team at YASREF Refinery Project is another prominent landmark that indicates the high-caliber training level of MMG staff members, and reflects MMG's capability to safely complete such mega projects.”
Stewart added: “I would like to thank all those participating in the project and I assure you that MMG shall remain fully compliant with the highest industry safety requirements.”
YASREF Management lauded the efforts of the MMG team at an award ceremony attended by high-ranking officials from both companies, and highlighted its professional level and its strict adherence to the work challenges and requirements as no lost-time incidents or work-related injuries have been reported. YASREF management stated: “YASREF Refinery will be one of the biggest oil refineries in the Western Region of the Kingdom, which is planned to process 400,000 bpd of Arabian heavy crude oil into high-quality, refined and ultra-clean by-products.”


MMG Senior Construction Manager Noel Pastrana received a silver banner for HSE audit compliance at SP Project. In addition, MMG EPC, being a subcontractor for L'Air Liquide S.A, also received a gold banner for HSE compliance from YASREF management.
MMG has remained focused on delivering good quality work with an exceptional safety record even in the wake of its current financial difficulties. "Quality and safety will not be compromised," said Macphail.


First Islamic trade finance workshop in Uzbekistan

Updated 43 min 9 sec ago
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First Islamic trade finance workshop in Uzbekistan

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, Ministry for Foreign Trade of the Republic of Uzbekistan and United Nations Development Program (UNDP) in Uzbekistan have come together for the first trade finance workshop titled “Trade Finance as a Key Factor in Trade Promotion.”
“ITFC is aspiring to play a pivotal role in the development of Islamic trade finance in Uzbekistan. ITFC and the government of Uzbekistan signed a $100 million framework agreement to finance pre-export and import activities in the country. ITFC is gearing up to work with its partners, namely, the UNDP and Turk Eximbank to promote Islamic trade finance among the Uzbek banks and non-banking financial institutions,” said Nazeem Noordali, chief operating officer, ITFC.