Galfar wins $299m Oman construction project

Wednesday, Mar 16, 2016
Galfar wins $299m Oman construction project

Oman's Galfar Engineering has been awarded a RO115 million ($299.21 million) construction contract by the country's top oil and gas producer, Galfar said on Wednesday.

Galfar will build a new central processing facility at Petroleum Development Oman's (PDO) Yibal Khuff project south west of Muscat, it said in a bourse statement. The contract is duration is 51 months.

"We expect reasonable income from this project," Galfar added.

PDO is 60 per cent owned by Oman's government, 34 per cent by Royal Dutch Shell, four per cent by Total and two per cent by Portugal's Partex, according to its website.


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