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FINANCIAL NEWS
Gasco signs sulphur station deal
03 Jan 2011
(MENAFN) Abu Dhabi Gas Industries (Gasco) signed a deal with Dodsal Group, based in Dubai, and a consortium made up of Techint’s Italian arm and Al Jaber Energy Services, based in Abu Dhabi, for building Habshan sulphur station and the Ruwais sulphur handling terminal, reported The National.
The deal was worth one billion dollars and would recruit around five thousand workers. The project aims to create facilities that would generate profit for Gasco from sulphur it extracts as well as natural gas. The two projects should be completed by the end of 2013.
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