Galfar wins RO5.4mn Duqm contract
Galfar Engineering and Contracting Company has been awarded a RO5.37mn subcontract by Saipem SPA for the site preparation works at Ras Markaz - Duqm Refinery project.
‘Galfar has received a letter of award on Friday from Saipem SPA, Oman branch on subcontract for site preparation works at Ras Markaz - Duqm Refinery package 3 offsite facilities’, the company said in a filing to the Muscat Securities Market on Monday.
Galfar said the contract value is RO5.37mn and works commencement date is the same date of letter of acceptance (December 2, 2018). ‘The scheduled completion date for the works is April 30, 2019. We expect reasonable income from this contract’, the company added.