ABU DHABI: At least $60 billion worth of energy contracts are up for grabs in four key Gulf markets over the next three years, the regional head of French oil and engineering group Technip said on Monday. “In Saudi Arabia, Kuwait and Qatar about $40 billion worth of EPC (engineering, procurement and construction) contracts will be awarded by 2012,” Arturo Grimaldi, senior vice president of the Middle East Technip, told reporters at a MEED conference.
ME scrap gold volumes to soar
DUBAI: Scrap gold volumes are expected to grow in the Middle East due to consumers booking profits as the yellow metal hovers near all-time highs, an executive said on Monday. “We have noticed a big increase in scrap gold coming in from India and Pakistan, because of the high price of gold more people are selling to make a profit at this point,” said Mohamed Shakrachi, managing director of Dubai-based Emirates Gold.
Saudi Kayan to retender deals
ALKHOBAR: Saudi Kayan Petrochemical Co., a SABIC unit, has reissued a tender for the construction of a low density polyethylene plant (LDPE) in Jubail, sources said.
— Compiled from agencies
