BP and PetroChina award new contracts in Iraq
16 February 2023
The Turkish engineering and construction company Tekfen has signed several new contracts with Basra Energy Company (BECL), a joint venture of UK-based BP and Beijing’s PetroChina.
The contracts cover general construction services and the installation of flowlines at Iraq’s Rumaila field, according to industry sources.
The contracts run for four years and collectively are worth more than $100m.
Flowlines connect single wellheads to manifolds or process equipment. They are used at onshore and offshore fields and can be located either on the surface or subsurface. Multiple flowlines connect individual wells to a manifold in large oil and gas fields.
A gathering line transfers the flow from the manifold to a pre-processing stage or a transportation facility or vessel.
BECL operates the Rumaila field through an existing technical service contract, which will expire at the end of 2034.
Since 1 June 2022, BECL has owned and managed the interests of BP and PetroChina in the Rumaila field.
Along with PetroChina and BP, the Iraqi state-owned Basra Oil Company (BOC) and the state-owned oil marketing company Somo are also shareholders of BECL.
The Rumaila oil field is located in southern Iraq, 32 kilometres from the Kuwaiti border. It is Iraq’s largest oil field and is estimated to contain 17 billion barrels, about 12 per cent of the country’s oil reserves.
Licensing round
Iraq is pushing to increase the production of oil and gas as European nations seek alternatives to imports from Russia.
Earlier this month, Iraq awarded six oil concessions to two UAE and Chinese companies as part of the country’s fifth licensing round.
UAE-based Crescent Petroleum, the Middle East’s largest private upstream oil and gas company, won three production and development concessions.
One of the concessions awarded to Crescent Petroleum is located in Iraq’s Basra governorate. The two other concessions are located in Iraq’s Diyala Governorate.
Two concessions were awarded to Geo-Jade Petroleum, a Chinese real estate development and oil exploration and production company. One of the concessions awarded to Geo-Jade is located in Basra and the other is located in Diyala.
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Dubai seeks consultants for drainage projects6 February 2026
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AD Ports signs Jordan Aqaba port PPP deal6 February 2026
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Chinese firm wins Ceer automotive supplier park deal6 February 2026
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The request for qualifications (RFQs) was issued by the municipality’s Sewerage and Recycled Water Projects Department (SRPD).
The bid submission deadline is 26 February.
The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
The second, TF-15-C2, will deliver stormwater links along Umm Suqeim Road to serve the Al-Barsha and Al-Quoz communities.
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READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
These include:
DP3 assets: covering 146 residential villas, 590 three-bedroom townhouses, 356 four-bedroom townhouses, a mall and other associated works.
Bids due on 23 February.
DP4 assets: DP4 includes 54 villas, a clubhouse and other associated infrastructure.
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DP7 assets: 120 five-bedroom villas, 230 seven-bedroom villas, 284 branded residential units and other infrastructural works.
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Modon has accelerated development works at Ras El-Hekma this year. In January, MEED reported that Modon Holding had awarded a E£15bn ($316m) contract for the construction of a project at Ras El-Hekma.
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The scope of the contract covers the construction of residential units, commercial facilities and a 70-key hotel.
In September, MEED reported that Modon Holding had tendered contracts for the infrastructure works for the first phase of the Ras El-Hekma project.
As part of the first phase, Modon plans to develop more than 50 million square metres (sq m), including hotels and a marina.
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Last year, Abu Dhabi-based holding company ADQ appointed Modon Holding as the master developer for the Ras El-Hekma project.
According to an official statement, Modon will act as the master developer for the entire development, which will cover more than 170 million sq m.
Modon Holding will develop the first phase of the project, which will cover 50 million sq m.
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Commercial International Bank Egypt (CIB) has provided €58m in credit facilities to local firm Elsewedy Electric for the construction of a combined-cycle gas turbine (CCGT) power plant in Hungary.
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AD Ports signs Jordan Aqaba port PPP deal
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Abu Dhabi’s AD Ports Group has signed an agreement with Jordan’s Aqaba Development Corporation (ADC) to manage and operate the Aqaba multipurpose port.
AD Ports will manage and operate the port under a 30-year concession agreement.
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AD Ports will hold a 70% stake in the joint venture, with the remaining 30% held by ADC.
AD Ports Group will also invest AED141m ($38.4m) in the joint venture.
The signing ceremony was held at the Aqaba Special Economic Zone Authority headquarters in Aqaba on 5 February.
The agreement was signed by Hussein Safadi, CEO of ADC, and Ahmed Al-Mutawa, regional CEO of AD Ports Group.
Aqaba port handles about 80% of Jordan’s exports and 65% of its imports.
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In 2025, the terminal handled over 5.3 million tonnes of cargo and nearly 85,000 car equivalent units of Ro-Ro imports.
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The Al-Madouneh customs centre covers about 1.3 million square metres (sq m) and was inaugurated in June last year.
The announcement followed AD Ports Group’s signing of a shareholders’ agreement in January 2024 between its digital arm, Maqta Gateway, and Jordan’s Aqaba Development Corporation regarding their existing joint-venture company, Maqta Ayla.
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Chinese firm wins Ceer automotive supplier park deal
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Beijing-headquartered Metallurgical Construction Corporation (MCC) has won a contract to undertake the steel structure works on the Ceer automotive supplier park in King Abdullah Economic City (KAEC).
The supplier park is located next to Ceer’s electric vehicle (EV) production facility in KAEC.
The automotive supplier park will include production and ancillary facilities for various suppliers and provide the material supply infrastructure for Ceer’s EV plant.
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The latest contract award is another significant contract win for MCC in Saudi Arabia. In January, MEED reported that MCC had won a contract to undertake the steel structure works on Mohammed Bin Salman Stadium at the Qiddiya City project on the outskirts of Riyadh.
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