News

NPCC to be privatised

The National Petroleum Construction Company is to be privatised in line with the Abu Dhabi government’s privatisation programme.

The company is currently part of Abu Dhabi’s Department of Economy.
Department chairman Shaikh Hamed Bin Zayed Al Nahyan has restructured the National Petroleum Construction Company (NPCC) to raise staff performance by inducting competent local and expatriate professionals.
An NPCC statement said the move was designed to make the company strong enough to compete with international companies and achieve “the prime objective of floating the company through a public offering.”
Adnoc’s 70 per cent share in NPCC has been moved to the General Holding Corporation (GHC) in Abu Dhabi, which Shaikh Hamed chairs. This was in implementation of Decree No.9 (2004).
Shaikh Hamed has reconstituted the board of directors of NPCC to include representatives of the GHC and of the other shareholder, Consolidated Contractors Company (CCC). The board members include: Nasser Bin Ahmad Al Suwaidi as chairman, and Hussain Jasem Al Nowais, Mohammad Nasser Al Kheli and the general managers of Zadco, Adgas and Adma-Opco as members.
Three representatives of CCC - Tawfic Said Khoury, Munir Elias Khoury and Fareed Bishara Ashfour - are also part of the board.
The board formed an executive committee to support the management of the company.
Since its inception in 1973, NPCC has worked on projects for local and overseas companies in onshore and offshore fields across the UAE, Qatar, Saudi Arabia, Kuwait, India and Iran.
Created in 1973, NPCC has worked on projects for local and international oil companies, both onshore and offshore across the UAE, Qatar, Saudi Arabia, Kuwait, India and Iran.