Jerry Co.: Subsidiary Receives Award Letters for Three Projects of ADNOC with a Total Amount of $2.697 Billion
2026-11-04 19:39:21
According to CoinMeta, Jerei Co., Ltd. announced that its wholly-owned subsidiary, Jerei Oil & Gas Engineering, has received three project award letters from Abu Dhabi National Petroleum Company (ADNOC)'s Onshore Company. These projects include the comprehensive development of the Ruwais Diyab gas field, the construction of onshore facilities for the Bab / North East Bab oil fields, and another onshore facility construction project for the Bu Hasa oil field, with a total amount of approximately $2.697 billion (equivalent to about 18.1164 billion yuan). Project one amounts to $1.704 billion (including an optional order of $310 million), project two is worth $600 million, and project three is valued at $393 million (including an optional order of $174 million). No formal contracts have been signed yet, and these projects are not expected to have a significant impact on the company's financial condition or operating performance for the year 2026.
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Source:Jin10 Data
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