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UAE’s TAQA acquires SWS Holding in $463 million mega transaction

UAE’s utility giant Abu Dhabi National Energy Company (TAQA) has announced the full acquisition of SWS Holding following a deal worth AED 1.7 billion ($463 million), according to a press statement by the company. The acquisition will create a vertically integrated player with strong water treatment capabilities and a commitment to operational efficiency and customer […]

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Top 5 oil and gas contracts in the Middle East: May 2023

In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region. (Editor’s note: This list is not a ranking) 1. Aramco awards EPC contract for world’s largest offshore field Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 […]

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Italian company wins $439 million contracts for Aramco’s Zuluf development

Italian company Fisia Italimpianti has announced winning two contracts worth $439 million for the construction and management of a water treatment plant for Aramco’s giant Zuluf development program. The contracts mark Fisia Italimpianti’s entry into the oil and gas industry and return to the operation and maintenance segment of the water sector. The first contract, […]

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Saudi Arabia launches 200 projects across 17 industries

Saudi Arabia’s National Center for Privatisation (NCP) has announced the launch of 200 development projects across 17 sectors. The initiative will provide local and international investors with an opportunity for advanced preparation to ensure their readiness to participate in the projects tendered to the market. Schemes include four airports, seven desalination plants, six wastewater treatment […]

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Qatar to buy stake in TotalEnergies’ $27 billion projects

QatarEnergy is reportedly in talks to buy a stake from French multi-energy company TotalEnergies’ $27 billion cluster of energy projects in Iraq, Reuters reported, citing sources. “QatarEnergy is looking to acquire a stake of around 30% in the project, one source said,” Reuters noted. An investment from Qatar is expected to contribute an important victory […]