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.
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