Reuters reported that a subsidiary of Abu Dhabi National Oil Co awarded two contracts worth AED 4.44 billion to the Italian unit of French oilfield firm Technip and Dodsal India.

As per report, Abu Dhabi Gas Industries awarded the two contracts for the building of gas treatment facilities and purified sulphur for export in the Western region of the emirate.

The first contract worth USD 624 million to will be to build a local treatment facility and gas export terminal at Ruwais.

The second contract of USD 500 million to Dodsal India, part of Dubai based Dodsal Group, will create a gas processing and sulphur refining facility in Habshan.

Another USD 84 million contract was awarded to the Arabian Pipes Company for the supply 420 kilometers of pipeline.

The UAE, the world's third largest oil exporter, is spending tens of billions of dollars to boost gas capacity to meet rapidly rising domestic demand. The country sits on the world's fifth-largest gas reserves but has been slow to develop them and relies on imports of 2 billion cubic feet per day from Qatar to meet the shortfall between domestic supply and demand.

(Sourced from www.reuters.com)