NPCC and CNCEC Collaborate to Explore EPC Opportunities in the Oil & Gas Sector in the UAE
National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging company, has signed a memorandum of understanding (MoU) to further strengthen cooperation in exploring EPC project opportunities in the oil and gas sector in the UAE, with China National Chemical Engineering Middle East DMCC (CNCEC)
The agreement was signed at the ADIPEC Exhibition, the world’s most influential meeting place for oil, gas and energy companies and professionals, organised by ADNOC.
The MoU was signed by Eng. Ahmed Al Dhaheri, CEO of NPCC and Mr. Zhang Shian, Board Director Member of CNCEC.
NPCC is a world-class EPC company that has been providing total EPC solutions to offshore and onshore oil and gas, petrochemicals and renewables sectors for over four decades in MENA and the Indian Subcontinent.
CNCEC has proven track record of providing financing and integrated services such as planning, technical consultation, investment, engineering design, procurement, construction, supervision, instruction to commissioning and start-up for projects in modes like EPC, PPP, BOT, etc. in the fields of chemical, petrochemical, oil and gas, power generation, infrastructure and environmental protection.
Through the MoU, the two entities aim to explore opportunities in the downstream sector, which has tremendous potential in the UAE and other regions. With their expertise in the sector, the combined strength of NPCC and CNCEC will support their ambitious growth plans.
Yasser Zaghloul, Group CEO of NMDC, said: “As a group, we are committed towards building a strong infrastructure in the EPC sector, which will benefit the industry, the country and our stakeholders. We are looking forward to grow our operations in the region including the downstream operations.”
Eng. Ahmed Al Dhaheri, CEO of NPCC, said: “We are proud to strengthen our partnership and collaboration with CNCEC, as we join hands again for downstream operations. NPCC has always been a pioneer in developing mega projects and services, and we are looking forward to explore our opportunities in the downstream sector.”
Abu Dhabi National Oil Company
Abu Dhabi National Oil Company (ADNOC) was established in 1971, to operate in all areas of the oil and gas industry and since then has steadily broadened its activity establishing companies and subsidiaries and creating an integrated oil and gas industry in Abu Dhabi. Today, the company manages and oversees oil production of more than 2.7 million barrels a day which ranks it among the top ten oil and gas companies in the world.