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FINANCIAL NEWS
UAE’s Adma-Opco signs USD886 m contract
22 Jan 2014
(MENAFN) Adma-Opco has signed a contract with the National Petroleum Construction Company (NPCC) for the First Phase of Lower Zakum Oil Lines Replacement Project at USD886 million, according to the Emirates 24/7.
Adma-Opco aims to boost the oil production capacity from Lower Zakum Field to reach one million barrel per day compared to the current 600,000 barrel per day.
Ali Al-Jarwan, Adma-Opco CEO, said: “It”s our pleasure to have NPCC with us in this highly significant project which requires maximum attention in terms of quality and HSE.”
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