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Dolphin and Emarat sign MoU to work on future gas joint ventures in Northern Emirates

Posted: 30 September 2003

Dolphin Energy's new Al Ain — Fujairah Pipeline will be operated and maintained by Emarat

Dolphin Energy Limited (DEL) and Emirates General Petroleum Corporation (Emarat) today signed a Memorandum of Understanding (MOU) that appoints working teams from both parties to study the commercial viability of new joint gas ventures in the Northern Emirates.

Both parties will evaluate potential benefits from joint use of existing gas distribution assets, collective gas sales and marketing — and future gas transportation systems.

Dolphin Energy and Emarat are also in the process of finalizing detailed agreements for Emarat to undertake the Operations and Maintenance of Dolphin’s new Al Ain — Fujairah gas pipeline.

Dolphin’s 24-inch, 182-kilometer long Al Ain to Fujairah pipeline will be completed before year end, for commissioning during First Quarter, 2004.

It will transport Dolphin natural gas, sourced from Oman, to the new Union Water and Electricity (UWEC) power and desalination plant on the UAE’s East Coast. Dolphin’s supplies from Qatar will become available in subsequent years.

The MOU was signed in Abu Dhabi by Dolphin Energy CEO, Ahmed Ali Al Sayegh and the GM of Emarat, Rashid Hamad Al Shamsi. Mr Al Sayegh said,
" Our Chairman His Highness Sheikh Hamdan Bin Zayed Al Nahayan and the UAE Minister of Petroleum & Mineral Resources, His Excellency Obaid bin Saif Al Nassiri have played an instrumental role in turning this initiative into a reality."

Mr Al Sayegh added: “We are delighted to initiate this important relationship with Emarat — one of a growing range of Dolphin strategic alliances.

“There are major synergies between our two businesses, and we have much to learn from each other. We look forward to establishing practical working links as soon as possible.”

Mr Al Shamsi stated: "We look forward to working with Dolphin Energy on this exciting initiative in the Northern Emirates. This MOU establishes a template for a long-term association with Dolphin, which we confidently expect to lead to considerable new business."

Emarat, which is wholly owned by the UAE Federal Government, currently operates 360 kilometers of underground gas pipeline – supplying customers throughout the five Northern Emirates from Sharjah’s Sajaa Gas Compression Station and its associated gas fields.

Dolphin Energy Limited
Dolphin Energy Limited (DEL) was created to develop substantial energy projects throughout the GCC. Its objective is to create long-term economic wealth and new business opportunities for citizens, far into the future.

DEL’s major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar’s North Field, and transportation of the dry gas by pipeline to the UAE, beginning in 2006. Dolphin Energy’s first energy initiative comes on stream in 4th Quarter 2003, when DEL’s natural gas pipeline from Al Ain to Fujairah is inaugurated. This pipeline will supply the Union Water and Electricity Company in Fujairah – initially with natural gas from Oman, and subsequently with Dolphin gas from Qatar.

Detailed information about Dolphin Energy can be found on www.dolphinenergy.com.

Emirates General Petroleum Corporation
Emirates General Petroleum Corporation (Emarat) was established in 1981 to conduct all businesses and activities leading to the fulfillment of its purposes, in particular marketing, transportation and storage of Petroleum Products throughout the UAE by providing the design, construction, maintenance and operation of the installations relating to these activities. Since the beginning, the Corporation has been committed to pioneering new developments in the downstream activities of marketing and distribution of petroleum products in the UAE through its commitment to providing high quality products and services at its facilities to meet its customers’ expectations. This position achieved locally has encouraged Emarat to expand its operations and projects outside the UAE. As such, the Corporation has established a new Company “Emarat Misr for Petroleum Products” in Egypt and will continue the search for potential investment opportunities in the regions of the Middle East, Africa and south eastern Asia.

Detailed information about Emirates General Petroleum Corporation (Emarat) can be found on www.emarat.ae.

Posted by Richard Price, Editor Pipeline Magazine

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