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FINANCIAL NEWS
Topaz unit wins $45m contract in Fujairah
28 Jun 2010
(MENAFN) Topaz Engineering?s fabrication and construction unit, through its subsidiary Nico International Hydrospace, said that it has won a $45 million Gulf Petrochem EPC (engineering, procurement and construction) contract, Gulf News reported.
The contract covers Phase 1 of a major petroleum storage terminal in close proximity to the Port of Fujairah. When completed, the terminal will have storage capacity of over one million cubic metres at single location.
The facility, which is expected to take 17 months to complete, will feature dock pipeline connectivity to the Port of Fujairah, a pigging system for all dock pipelines, operational flexibility to handle Class A, B, C products in all tanks, a road tanker unloading and loading facility and will be built to NFPA standards including all support systems such as OWS, ETP and compressor station.
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