S’pore Rotary Engineering wins $250 mln deal in UAE
Work is expected to start in the first quarter of 2011 .
October 27, 2010 11:12 by Reuters
Singapore oil and gas infrastructure services firm Rotary Engineering said on Wednesday it had won a $250 million contract to build a petroleum storage facility in the United Arab Emirates.
The engineering, procurement and construction contract to build the facility with a capacity of 1.1 million cubic metres in Fujairah was awarded by Singapore-based oil trader Concord Energy.
“This important contract helps to strengthen our foothold and extends our market presence in the Middle East,” said Rotary’s chairman and managing director Chia Kim Piow.
Work is expected to start in the first quarter of 2011 and completion is targeted for the fourth quarter of 2012.
(Reporting by Eveline Danubrata; Editing by Raju Gopalakrishnan)