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FINANCIAL NEWS
PDO inks USD1.2bn deal to supply Oman’s Duqm
29 Jan 2017
(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
MENAFN2901201700450000ID1095223281
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