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Thu 29 Jul 2010 04:00 PM

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Abu Dhabi's Petrofac wins $400m Kuwaiti contract

Abu Dhabi oil services group to build fuel and gas oil pipelines for Kuwait Oil Co.

Abu Dhabi's Petrofac wins $400m Kuwaiti contract
PETROFAC FACTS: Petrofac, which is listed on the London Stock Exchange, posted full year revenues of $3.655m last year. (Getty Images - for illustrative purposes only)

Petrofac, the Abu Dhabi-based oil services group, has won a KD116.4m ($400m) contract with the state-back Kuwait Oil Company to build fuel and gas oil pipelines.

The contract, which will span an estimated 23.5 months, will include a fuel oil pumping station, metering systems, utilities systems, the firm said in a statement.

Petrofac, which is listed on the London Stock Exchange, posted full year revenues of $3.655m last year.

Petrofac shares at 11.25 GMT were 1287 pence valuing the company at GBP4.46bn.

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Ibrahim 9 years ago

I thought Petrofac was based in Sharjah.

AMERICAN IN KUWAIT 9 years ago

I thought Petrofac was a UK Company with their HQ on High Street in London.

Rainegade 9 years ago

Petrofac is a UK based company but two of its operational centres are in the UAE - one in Abu Dhabi and one in Sharjah :) There are others in Aberdeen, Mumbai, Chennai and Woking (England). I think the article refers to a contract that has been won by the Abu Dhabi centre, Petrofac Emirates.