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.For all the latest UAE news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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