Subsea7 announced a TP-OTC contract extension for Sakarya Phase 3 on September 23. The Black Sea scope covers towing, mooring-line installation and connections for a floating production unit scheduled for commissioning in 2028.
Management and engineering will be based in Istanbul. Subsea7 classifies the award within its $50–150 million range without disclosing an exact value. It extends an existing contract rather than marking a completed production increase.
In an IEA scenario, electricity could cost-effectively supply 33 percent of final energy use by 2035; projected import savings are not realized outcomes.
The utility’s long-term plan projects lower emissions despite rising electricity demand; its solar, battery and reverse-osmosis targets are not completed outcomes.
Emirates News Agency (WAM), citing Emirates Water and Electricity Company (EWEC)4 min read
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