• Register

Al Hassan wins $68m Sohar refinery expansion contract

: Saturday, August 23 - 2014 @ 09:58

Al Hassan Engineering Co has won a $68m contract for construction and civil works for Sohar refinery improvement project (SRIP), Zawya reported. “Al Hassan Engineering Co is pleased to announce the receipt of a letter of intent from Daelim-Petrofac SRIP (joint venture), for construction and pre-commissioning of civil and underground piping works for the Sohar refinery improvement project,” Al Hassan Engineering Co said in a filing with the local bourse on Wednesday. The company said that the estimated value of the contract is approximately $68m. “The work is expected to be completed by April 2016. The company expect to generate reasonable income from this project,” the company added. The shares of Al Hassan Engineering surged by six per cent on Wednesday on the back of the announcement. Al Hassan had recently won an RO19m contract from Petroleum Development Oman (PDO) for the construction of the Ghaba north redevelopment project.

Today's Top Stories

Posted by

Saturday, August 23- 2014 @ 9:58 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs