RIYADH: A range of diverse projects are currently underway in the Middle East and North Africa region, which are at various stages of development. From a project tracking point of view, firms such as Algerian Energy Co. are planning for the construction of new plants. Moreover, while some firms such as Iraq’s Halfaya oil field are seeking expansion, others such as Libya’s National Oil Corporation are anticipating a favorable budget allocation that will help boost their activity.
Whereas NEOM Green Hydrogen Co. is due to announce the contractor for solar and wind plants as early as next week.
· The Algerian Energy Co. is planning to construct three new desalination plants in the country, Meed reported.
Each plant is projected to have a capacity capable of treating up to 300,000 cubic meters of seawater per day.
· The consortium responsible for developing Iraq’s Halfaya oil field has put forward an engineering, procurement, construction, and commissioning contract in an attempt to further enlarge the field’s water treatment system.
· Libya’s National Oil Corporation is anticipated to receive its budget in June, Meed reported.
This will help the firm bolster its activity in the oil and gas industry.
· The Saudi NEOM Green Hydrogen Co. has selected a contractor for the solar and wind plants that are projected to supply the future city’s $6.4 billion green hydrogen-based ammonia plant with electricity, Meed reported.
While the contractor is yet to be disclosed next week, offtake agreements and financial close are anticipated to take place by the middle of 2022.