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Senaat showcases energy sector's growth

ABU DHABI, September 11, 2019

Senaat, one of the UAE’s largest industrial investment holding companies, is showcasing the growth and development of the energy sector at the 24th World Energy Congress, being held in Abu Dhabi, UAE.

Senaat is a co-host sponsor of the congress. The WEC has been taking place for almost 100 years, but this will be the first time it has been held in the Arab world. It is therefore a great honour for all companies based in Abu Dhabi to be associated with it, said a statement from the organisers.

Through several of its subsidiary companies, Senaat makes a significant contribution to the growth and development of the energy sector, both domestically and internationally. It also makes energy saving and efficiency a high priority, recognising the importance of sustainability and in support of Abu Dhabi’s commitment to building a better environment for future generations.

Dr Mohamed Rashed Al Hameli, chairman of Senaat, said: “As a leading contributor to the domestic and international energy industry, it is entirely appropriate for Senaat to be co-host sponsor of the congress.”

“This is a highly significant event for Abu Dhabi and the UAE as a whole, and we are honoured to be actively participating. Since Senaat’s foundation, it has been responsible for the creation and development of a modern energy infrastructure capable of supporting the country's economic growth and diversification, and we look forward to continue to meet these responsibilities,” he added.

Specific examples of Senaat’s subsidiaries contributions to the growth and efficiency of the energy sector include:

• National Petroleum Construction Company (NPCC) is a major EPC business serving both the onshore and offshore sectors, in which Senaat has a 70 per cent shareholding. Since its establishment in 1973, NPCC has invested many billions of dollars into the local energy sector.

• The most recent success was the completion of Phase 2 of the Umm Lulu Gas Treatment platform this year, serving the offshore Umm Lulu oilfield. The ULGTP was manufactured locally at NPCC’s facility in Abu Dhabi. Weighing 32,000 metric tonnes, it is the largest steel structure ever made in the Middle East and is taller than London’s Big Ben.

• Including Phase 1 of the Umm Lulu project, NPCC has invested a total of $2.5 billion, which includes the laying of over 2,555 km of cable and 150 km of pipeline. The Umm Lulu field will have a production capacity of 100,000 barrels of oil per day. 

• NPCC has also implemented a series of energy saving initiatives across its business, with the objective of saving overall energy consumption by 30 per cent by 2023. This will be achieved through a complete modernisation of the company's lighting, air conditioning, welding and water heating systems.

• Emirates Steel, Senaat’s wholly owned steel producing business, has supplied 160,000 tonnes of nuclear quality reinforcing steel for the UAE’s soon to be operational nuclear facility at Barakah, and is the only steelmaker in the Middle East and North Africa (Mena) region qualified to do so. 

• Emirates Steel is also only the fourth company in the world to be nuclear qualified by the American Society of Mechanical Engineers.

• Ducab, a producer of copper and aluminium wiring and cabling products (Senaat 50 per cent interest), was awarded $1.8 billion of energy sector contracts in 2018 alone.

• Ducab’s state of the art speciality cables are used across the whole energy spectrum, including solar, nuclear, wind and oil and gas.

• Ducab produces 40 million metres of insulated building wires per month, enough to circle the planet.

Engineer Jamal Salem Al Dhaheri, CEO of Senaat, said: “Senaat is proud to participate in such a high-profile international event, being held for the first time in Abu Dhabi.”

“Through a solid investment strategy, Senaat and its subsidiaries continue to drive forward the UAE Energy Strategy 2050, which is aimed at sustainable development and the diversification of the country's energy sources,” he said.

Engineer Al Dhaheri pointed to the significant efforts by Senaat and its subsidiaries towards developing innovative products and services locally, thus further strengthening 'Made in the UAE' manufacturing ecosystem for the energy sector and beyond.

“Senaat also invests in upskilling Emiratis to achieve their full potential and to drive next generation of industrial sector growth - one of the most important pillars of sustainable socio-economic development,” he added. – TradeArabia News Service




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