Russia’s Stroytransgaz has won a $418 million contract to build a gas pipeline across the United Arab Emirates, the UAE’s Dolphin Energy said in a statement yesterday. Stroytransgaz beat Italy’s oilfield services company Saipem and Greece’s Consolidated Contractors International Company to the contract.
Dolphin short-listed the three companies for the contract to build the 240-kilometer (150-mile) pipeline earlier this month. Work on the pipeline will begin this quarter, Dolphin said. Dolphin imports gas to the United Arab Emirates from Qatar. The new pipeline will allow it to pump gas from the emirate of Abu Dhabi on the Gulf coast to the east coast emirate of Fujairah on the Gulf of Oman.
The gas will feed a new power and water desalination plant in Qidfa. Fujairah Mubadala Development Company, run by the government of the emirate of Abu Dhabi, owns 51 percent of Dolphin. France’s Total and US Occidental Petroleum each have a 24.5 percent stake.
(KATHIMERINI, 07/23/2008)