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FINANCIAL NEWS
Topaz Engineering wins $100m contract in UAE
19 Oct 2010
(MENAFN) Topaz Engineering, a division of Topaz Energy and Marine, has been awarded a $100 million EPC contract for the Phase IV Oil Storage Terminal for GPSChemoil in Fujairah, Khaleej Times reported.
Through its subsidiary, Nico International Hydrospace, Topaz Engineering has won one of the major tank terminal repeat contracts in Fujairah for GPSChemoil, a partnership between Gulf Petrol Supplies and Chemoil.
The 580,000 square meter terminal is one of the largest EPC tank terminal projects awarded to Topaz Engineering in the recent past in terms of project value and terminal size, the company said.
The fully automated storage terminal is equipped with a facility for loading and receiving middle distillates, gas and fuel oil from shipping berths via eight loading and receiving pipelines running from the jetties to the terminal.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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