Rotary Engineering Wins $250 Mln Deal in UAE
Source: www.gulfoilandgas.com 10/27/2010, Location: Middle East
Rotary Engineering Limited (Rotary) announced that it has been awarded an Engineering, Procurement and Construction (EPC) contract estimated to be about US$250 million to build a petroleum storage facility with capacity of 1.1 million m3 in the Middle East.
The project was awarded by Singapore-based oil trader Concord Energy Pte Ltd. The facility, which will be operated as Fujairah Oil Terminal, is located in the United Arab Emirates. Works are expected to start in first quarter 2011 and targeted for completion in the fourth quarter of 2012.