Enel Helping Oil Giants Make Transition to Renewable Energy

Annual electricity net generation from renewable energy in the world (1980-2011). Graphic courtesy of Lery007

Italian utility owner Enel SpA says now is the tine to approach middle eastern countries to get on board with renewable energy supplies as the cost of solar power falls along with oil.

Francesco Starace, CEO of Rome-based Enel said in an interview held in Abu Dhabi that, “We will wait for the first tenders in Saudi Arabia.” Dubai the second largest emirate in the United Arab Emirates, after Abu Dhabi, has begun a renewable program, along with Abu Dhabi. Starace said he would like to see Enel participate in that.

Starace has taken a pro-active position on developing greener sources of energy while scaling back on large power stations. Enel reintegrated its renewable energy division, Enel Green Power, last year, and is predicting a 39 percent cut in the use of fossil fuels over the coming five years for generating power. Two oil giants, Saudi Arabia, the world’s biggest oil exporter, and the UAE, the fourth largest oil producer in OPEC, both would like to shrink their oil dependence and generate more power from solar and other sources.

Enel concluded an agreement with the Dubai Electricity and Water Authority to help improve the emirate’s power grid. They also reached an agreement with the Saudi Electricity Company in January, 2017. Over the next five years Saudi Arabia would like to generate 10 gigawatts of power from solar, wind and other types of renewable energy, said Energy Minister Khalid Al-Falih. By 2050 DEWA hopes to be able to produce three-quarters of its power from renewable sources.


Apple Making Moves to Open Retail Store in Middle East

Apple Inc, the wildly successful consumer electronics mega company, has no retail outlets in the Middle East. All that is about to change, however, at least according to rumors circulating around the region.

Outside of Istanbul, Turkey, Apple has no stores in the Middle East; yet, according to updated jobs listings on their website, Apple is indeed looking for employees in the United Arab Emirates for a few key retail positions. The most likely candidates for Apple stores are Abu Dhabi and Dubai.

Apple is looking for workers to fit the descriptions of creative, expert, genius and store leader.

In a related development, Apple posted a listing in March to find a candidate who can forge ahead with retail hiring in the UAE.

Apple gets its products into the ME market via third party outlets and online shopping. Apple has had an online store in the UAE since 2011.

Exactly when and where consumers can expect to see these stores is still a mystery. Rumors are pointing to August 2014 for a possible opening date for Apple, while the Mall of the Emirates is a possible location for Apple’s first store.

Abu Dhabi Company wins Contract to Construct Pipelines for Omani Oil Company

According to the Emirates News Agency, the Oman Oil Company Exploration and

Said bin Ahmed Al-Shanfari, Oman's Minister of Petroleum and Minerals

Said bin Ahmed Al-Shanfari, Oman’s Minister of Petroleum and Minerals

Production LLC (OOCEP) awarded a $40 million contract to National Petroleum Construction Company (NPCC.)

OOCEP is an oil and gas subsidiary of Oman Oil Company. The deal is a procurement and construction (EPC) contract for the installation of two new offshore pipelines in the area of Musandam.

The planned offshore pipeline will bring in imported well liquids from the Bukha field to the Musandam Gas Plant to be processed. There will also be an offshore export pipeline built to bring natural gas from Musandam to Saqr Port in Ras al Khaimah.

The combined length of the two pipelines is over 30 kilometers. They will be installed below water as deep as 90 meters in places.

This coveted contract, worth almost $40 million will give NPCC a much-desired entry into the profitable Omani market. The contract matches the company’s business plan and expansion strategy.

NPCC was formed in 1973, is based in Abu Dhabi, and is owned in partnership with UAE’s Senaat (70 percent) and Consolidated Contractors International.

Hyundai Wins Contract from Abu Dhabi Company Worth $169 Million

The Abu Dhabi-based provider of creative plastics solutions, Borouge, has finalized a deal with Hyundai Engineering and Construction of South Korea, for them to construct a plant for the manufacture of XLPE (cross-linkable polyethylene) adjacent to its existing petrochemical plant located in Ruwais, Abu Dhabi.

The deal is worth $169 million and is expected to produce 80,000 tonnes of XLPE per year as an added-value complement to the already existing LDPE (low density polyethylene) unit in Ruwais. Together the plants will allow Borouge to produce innovative plastics for low to high voltage cables.

This contract represents the final stage in a multi-stage process which is already well underway. The planned mega-expansion will allow Borouge to grow in such a way that by mid-2014, when the new plant is expected to become fully operational, Borouge will produce more than double their present yearly capacity, reaching 4.5 million tonnes. At this stage Borouge will be the world’s largest producer of integrated polyolefin.  The goal is for Borouge to join Borealis to become the leading long-term dependable supplier of polymers for the international cable and wire infrastructure market.