Oil and Gas Market Update for covering entire month of September 2013

• Dubai to build new crude refinery – Dubai signs up with China Sonangol Group to build local refinery.
• Alstom wins Shuqaiq turbine deal ‐ Turbine equipment will be supplied to South Korea’s Hyundai Heavy
  Industries.
• Habtoor‐Drake tie‐up wins $109m contract for Dubai project ‐ Habtoor‐Drake tie‐up to perform
  mechanical, electrical, and plumbing for Al‐Habtoor City project.
• UAE gives $100m for Morocco renewable energy projects ‐ Country has alternative energy
  target of 42 per cent by 2020.
• Dubai plans refinery with Angolan‐Chinese partners ‐ Memorandum of Understanding signed
  with Hong Kong joint venture of Sonangol.
• Dubai prepares to tender World Trade Centre re‐development ‐ Project stalled in late 2008.
• Abu Dhabi set to award major hospital construction contracts ‐ Abu Dhabi set to award major
  hospital construction contracts.
• Hakkasan to open luxury hotel on Palm Jumeirah ‐ The Palm Jumeirah venture will be
  Hakkasan’s first hotel project.
• Arabtec and Samsung form joint venture company ‐ Arabtec and Samsung Engineering
  announced plans to form new company in April.
• Megaprojects struggle to take shape in Ras al‐Khaimah ‐ Real Madrid football‐themed tourism
  scheme latest to face obstacles in the emirate.
• Depa wins $156m contract in Abu Dhabi ‐ Dubai interior firm to perform fit‐out works for
  government project.
• Abu Dhabi to invest $54m to expand paper mill ‐ New machinery from Metso to boost capacity
  to 90,000 tonnes a year.
• Platts Survey announces OPEC pumps 30.28 million barrels of crude oil per day in August.
• Contractors submit bids for Al‐Ain grand mosque ‐ At least six groups competing for Al‐Ain grand
  mosque construction contract.
• Emirates Aluminium phase two smelter starts production ‐ Abu Dhabi producer eyes possible
  phase three smelter expansion and downstream production units.
• Brasil Foods to build $145m processing complex in Abu Dhabi ‐ South American group to process
  meat and bread‐based products at Kizad free zone.
• Enec receives first shipment of nuclear‐grade steel from Emirates Steel ‐ More than $1bn
  awarded to over 200 local companies on development of Abu Dhabi nuclear plant.
• Abu Dhabi resurrects Ruwais aromatics complex with key award ‐ US engineering group CH2M
  Hill award engineering and design on Chemaweyaat’s Tacaamol project.
• Abu Dhabi diversification leaps forward with key chemicals and metal awards ‐ Aromatics
  chemicals complex and alumina refinery signal progress for Abu Dhabi’s industrial megaprojects.
• Abu Dhabi awards feasibility study contracts on alumina refinery ‐ Bechtel, Petrofac, Hatch,
  Outotec and Rio Tinto Alcan pick up work on proposed minerals plant.
• Farabi Petrochemicals decides product mix for Jizan plant ‐ Proposed new facility will produce
  similar chemicals to sister plant at Jubail.
• Middle East Base Oil prices reflect marginal changes.
• Shale gas, oil reshape world energy landscape ‐ Thanks to the sudden abundance of cheap
  natural gas, American electricity suppliers are shunning domestic coal.
• Gulf Keystone to ramp up Kurdish oil output.
• Saudi crude output, exports rise ‐ Exports in the world’s largest exporter of crude rose 2.1 per
  cent during July.