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FINANCIAL NEWS
PDO signs USD200m deal with Omani manufacturing firm
02 Nov 2016
(MENAFN) Petroleum Development Oman (PDO) has inked USD200mn pipe deal with an Omani factory to retain more of the oil and gas industry”s wealth.
Furthermore, the deal will mean the Gulf Intl” Pipe Industry mill based in the Sohar Industrial Estate will manufacture a variety of pipelines.
The deal marks the successful application of one of the business chances launched by the PDO for Omani businesses.
Meanwhile, the firm will expand its recent production range and introduce a new manufacturing line for small pipeline categories.
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