Posted inProducts & Services

Galfar wins $16mn subcontract for Ras Markaz Crude Oil Park

The Oman construction builder won the subcontract from China Petroleum Engineering and Construction Corp

by Staff Writer
Galfar wins $16mn subcontract for Ras Markaz Crude Oil Park
Galfar wins $16mn subcontract for Ras Markaz Crude Oil Park

Galfar Engineering and Contracting won a $16mn subcontract for Ras Markaz Crude Oil Park from China Petroleum Engineering and Construction Corp.

Construction Week (CW), one of Oil & Gas Middle East‘s sister titles, reported that a statement on the Muscat Securities Market showed that the subscontract includes pre-site preparation, grading, levelling, earthworks, and blasting activities.

Galfar CEO Hans Erlings noted in the statement that he expects “reasonable income” from the project. The contract will be effective as of 20 August 2019, with an anticipated end date of 30 March 2020. 

Ras Markaz Crude Oil Park will involve five phases of storage tank construction over an area of 12.5sqkm, and is expected to have a total capacity of 200mn barrels of oil, CW reported, citing ProTenders.

Staff Writer

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and...