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FINANCIAL NEWS
Energy Recovery inks USD11m gas tech contract in ME
19 Jul 2016
(MENAFN) Energy Recovery, a leader in pressure energy technology for industrial fluid flows, has won a purchase order totaling up to USD11 million.
In detail, the order will be allocated to provide its IsoBoost technology for integration into a major gas processing plant to be constructed in the Middle East.
Moreover, the contract is for approximately USD7 million worth of equipment and services, with an option for an additional USD4 million to be determined at a later date.
Additionally, the optional supply may not be confirmed by the client until the latter portion of 2017. Partial recognition of revenue from this project is expected towards the end of 2016.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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