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Wood Group faces financial review and potential breakup amid project cancellations in MENA.
Wood Group, an energy services company, is facing financial challenges leading to a drop in its stock value due to project write-downs and contract cancellations, especially in the Middle East and North Africa.
This has prompted a financial review by Deloitte and the potential breakup of its MENA business to improve financial stability.
Meanwhile, plans for a new 1GW gas turbine plant in Abu Dhabi could bolster the region's energy infrastructure.
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Wood Group enfrenta revisión financiera y potencial ruptura en medio de cancelaciones de proyectos en MENA.