(MENAFN) Petroleum Development Oman (PDO) has confirmed two deals worth USD253.1mn in order to localize the provision of vital equipment for the oil and gas industry.
Moreover, the firm has inked deals for the local producer and supply of transformers and valves which will be utilized in its ops and beyond.
"ICV not only shortens our supply lines and reduces our delivery times and transport costs, but also provides more vocational training and employment opportunities for Omanis while boosting the Sultanate"s economy," said managing director.
The firm also penned deals with Muscat-based Techno Fir Trading, one with Chinese concern Wuzhou Valve Co. and one with Indian firm Gene-tech Controls.
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