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FinancialNews
29-01-17
PDO inks USD1.2bn deal to supply Oman's Duqm
(MENAFN) Petroleum Development Oman (PDO) signed USD1.2bn deal to supply piping for its drilling operations amid Duqm.
Moreover, the 5-year deal with Japanese supplier Sumitomo involves a new supply yard in the Duqm Zone, which will be a logistics center for materials.
In addition, the deal will confirm PDO as an anchor tenant ad Duqm from mid-2018, with more than 2 shipments a week, carrying 3.000 metric tons of pipe.
The logistics hub will offer integrated supply chain management services, like storage, planning and delivery and 30 trucks a day.
MENAFN2901201700450000ID1095223281
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