Oman's Galfar wins 299 mln construction project
Date
3/17/2016 1:22:33 PM
(MENAFN- The Peninsula) The Galfar headquarters in Ghala. (Source: Muscat Daily)
DUBAI: Oman's Galfar Engineeringhas been awarded a 115 million rials ($299.21 million)construction contract by the country's top oil and gas producerGalfar said on Wednesday.
Galfar will build a new central processing facility atPetroleum Development Oman's (PDO) Yibal Khuff project southwest of Muscat it said in a bourse statement. The contract isduration is 51 months.
"We expect reasonable income from this project" Galfaradded.
PDO is 60 percent owned by Oman's government 34 percent byRoyal Dutch Shell 4 percent by Total and 2percent by Portugal's Partex according to its website.
Reuters