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FINANCIAL NEWS
Interserve wins USD113m project in Qatar
13 Aug 2011
(MENAFN) UK-based Interserve’s chief executive, Adrian Ringrose, said that the firm won projects in two developments in Qatar worth USD113 million, and they are at Ras Laffan, one for JGC and the other for Nakilat, reported Arabian Business.
The international support services and construction group said that this deal comes as result of the country’s ongoing development of the huge natural gas reserves in the North Field, the world’s largest single deposit.
Ringrose also said that this project would process 1.4 billion cubic feet of gas a day that, together with the facilities other petrochemical products, would be equivalent to a daily output of more than 300,000 barrels of oil.
The chief executive added that these projects demonstrate that, for companies which have the necessary experience and local knowledge, Qatar continues to be at the forefront of growth in the Middle East.
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