UAE’s Ta’ziz, a joint venture of UAE’s Abu Dhabi National Oil Company (Adnoc) and compatriot ADQ, has awarded a $1.7 billion engineering, procurement and construction contract to South Korea’s Samsung E&A for a methanol project in the emirate’s Ruwais industrial complex.
The project involves the construction of a methanol plant within the TA’ZIZ industrial complex in the Ruwais Industrial Zone, designed to produce 5,000 tons of methanol per day. The contract period is set for 44 months.