Tuesday 3 July 2012

gulfnews : Abu Dhabi to spend $40b on energy projects by 2014

Abu Dhabi’s state oil producer will spend $40 billion (Dh146.93 billion) on crude, natural gas, petrochemical and refinery projects from 2010 through 2014.
Gas projects under construction account for $25 billion of that, Mohammad Sahoo Al Suwaidi, chief executive officer of Abu Dhabi Gas Industries Ltd. (Gasco), said.
“These include Integrated Gas [IGD] and Shah Gas development projects,” Al Suwaidi added.

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