Dewa has allocated over Dh2.6 billion to support electricity, water and renewable energy infrastructure projects.
Dewa has allocated over Dh2.6 billion to support electricity, water and renewable energy infrastructure projects.
During the year, the company has signed contracts and commenced delivery to a number of local, regional and international projects across multiple sectors.
The agreement will encourage building owners to install photovoltaic solar panels to generate electricity and develop smart applications to speed up electricity connections.
Scope of the agreement is the secondment of OMV technical expert staff into each other's companies.
Early indications from onsite participant surveys show there was $7 billion of business generated during the first three days of the four-day event, with final figures announced in the coming days.
Firm cuts oil and gas headcount by 24%, headquarter jobs axed 39%.
The new prices reflect the global surge in the pricing of the product.
Demand will rise by about 17 million barrels a day to almost 110 million barrels a day by 2040, with 70 per cent of the growth to come from Asia.
Companies are now paid a fee, either in cash or with oil barrels, based on meeting output targets, while production sharing agreements give companies a direct stake in crude pumped.
'Investments in offshore exploration remain on track'.