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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