China Petroleum Pipeline Engg picks Galfar for Ras Markaz
Omani contractor reveals $16.4m contract announced earlier this month relates to Phase 1 of Ras Markaz Crude Oil Park
Omani construction contractor Galfar Engineering & Contracting said it had been awarded a civil and concrete works contract for Phase 1 of Ras Markaz Crude Oil Park by China Petroleum Pipeline Engineering Company.
The contractor told Muscat Securities Market, where it is listed, that the contract was valued at $16.4m (OMR6.3m) and would be completed in 12 months.
Undersigned by chief executive officer, Dr Hans Erlings, Galfar's statement said the company expected "reasonable income" from the contract.
Galfar had announced its selection for the $16.4m contract earlier this month, and said it had signed an agreement for the works on 27 October 2019.