Dewa names bidder for first phase of the 1,200 MW Hassyan project.
Dewa names bidder for first phase of the 1,200 MW Hassyan project.
Construction of the 1,200 megawatt Hassyan plant would early start next year, after commercial, legal and financial issues are finalised.
The Organisation of the Petroleum Exporting Countries forecast on Monday that demand for its oil in 2016 would be much higher than previously thought as its strategy of letting prices fall hits US shale oil and other rival supplies, reducing a global surplus.
A softer dollar makes dollar-priced oil cheaper, spurring demand.
The New York meeting was the third to be held this year.
Michael Dehn, group exhibitions director, Messe Frankfurt, told Khaleej Times that one of the challenges that the lighting industry in the UAE faces is integration.
Topaz Engineering comprises two divisions, Nico International which focuses on ship repair, and Nico Craft at the Mussafah shipyard.
In summary, oil exporters should enjoy these months and save some dollars because 2016 does not look great for oil prices.
Suhail bin Mohammed Faraj Al Mazroui says downward oil prices won't affect or delay plans to increasing UAE's daily output to 3.5 million bpd by 2017.
Suhail bin Mohammed Faraj Faris Al Mazrouei said UAE was investing $35b to diversify its energy mix and reduce its dependence on natural gas imports.