NMDC Energy (formerly NPCC) Secures $254.6m Contract from ADNOC Abu Dhabi, UAE: 15 July 2024 – NMDC Energy (formerly NPCC), a subsidiary of NMDC Group, has been awarded a $254.6 million contract by ADNOC Gas for the next phase of the Sales Gas Pipeline Network Enhancement Program (Estidama).
The project, will involve the engineering, procurement, and construction (EPC) of a new pipeline and associated facilities.
This awarded project is part of ADNOC Gas' broader Estidama program, which aims to upgrade and expand its natural gas pipeline network to more than 3,500 km, increasing gas delivery volumes to the northern UAE. The Estidama program includes several packages designed to increase the capacity and efficiency of ADNOC's gas distribution network.
Ahmed Al Dhaheri, NMDC Energy CEO, said, “We look forward to continuing our long-standing partnership with ADNOC Gas through this project. It highlights our shared commitment to advancing the UAE’s energy infrastructure, ensuring a reliable and sustainable supply of natural gas across the emirates, and supporting the nation’s goals of achieving gas self-sufficiency. In addition, this project will not only strengthen the UAE's energy framework but also underscores our commitment to sustainable growth and the local economy, with a significant portion of the contract's value being reinvested within the UAE.”
Last year, NMDC Energy (formerly NPCC), in a consortium with C.A.T. International Ltd., secured a contract on the earlier phase of the Estidama project. Valued at over $600 million, that contract includes the installation of 191 km of new sales gas pipelines, along with additional infrastructure such as nitrogen and water pipelines and a jump-over connection. This contract reinforces NMDC Energy's position as a leading EPC contractor in the energy sector, committed to delivering high-quality projects that drive the UAE's energy industry forward.
NMDC trade ideas
NMDC Energy is now part of NMDC GroupFollowing our foundation in 1973, NMDC Energy established a large fabrication yard in Saadiyaat and a skilled offshore construction division. We went on to launch our offshore operations in 1978. Over time, we would regularly expand our service offering to ensure we could continually address the challenges faced by the energy sector.
NMDC Energy is now part of NMDC Group, a collection of forward thinking companies dedicated to shaping the future and generating value for the sectors we operate in. We work in the UAE and across the globe, solving complex problems for leading businesses with cutting-edge EPC solutions.
Innovative EPC Solutions to Complex Energy ChallengesFollowing our foundation in 1973, NMDC Energy established a large fabrication yard in Saadiyaat and a skilled offshore construction division. We went on to launch our offshore operations in 1978. Over time, we would regularly expand our service offering to ensure we could continually address the challenges faced by the energy sector.
NMDC Energy is now part of NMDC Group, a collection of forward thinking companies dedicated to shaping the future and generating value for the sectors we operate in. We work in the UAE and across the globe, solving complex problems for leading businesses with cutting-edge EPC solutions.
PowerfulTrend
It have started fresh trend, price is right near 200 day EMA once it clear sky is the limit. But for now 24.00 is a hurdle.
If it comes down to retest 22.35 i would consider this as buying opportunity. Volumes are now increasing on daily basis looks like people are jumping in.
Hit like & follow guys ;)
NMDC, ADC, accumulating to target 36NMDC , ADX, Abu Dhabi
On the daily chart, the stock is building a support in the zone 18 - 21
Once the 21 level is crossed with high volume, the uptrend will be targeting 36, passing through some resistance levels as shown on the chart.
The technical indicators RSI and MACD are positive to start buying gradually while monitoring the breakout of 21.
Stop loss at 18 - 17 to be considered.
forecasting NDMS STOCK in dayli chart hello friends I tell you my forecast in daily time frame.
the NDMS stock is in a bullish trend since 2021 more or less or before, but in the last few months it entered a lateral phase that indicates a bullish distribution, if you are in buy I recommend that you exit the position when breaking the level 24.05, and if it is not in any position I still recommend entering short after breaking 24.05 and pulling back.