Home / $75m oil deal for Oman power plant fuel
$75m oil deal for Oman power plant fuelby Michael Palmer on Jun 6, 2011
Power stations in the Al Wusta and Musandam areas of Oman will be supplied by the Oman Oil Marketing Company, under a new $75m contract set to last until May 31 2013.
Under the terms of the contract, OOMCO will supply 210 million litres of fuel to 12 of the 18 power stations run by the Rural Areas Electricity Co; an agreement that’s significantly larger than previous deals.
“The previous contract had expired,” said Nabeel al Ruwaidhi, general manager of corporate affairs and business development at OOMCO told the Muscat Daily. “We applied again, but the scope this time is bigger and involved more supply; it’s definitely an important part of our business. The commercial business is one of our most important in terms of profit generation.”
- Regulation bureau campaigns to raise awareness
- Utility projects worth $450mn lined up in RAK
- Mena power demand to grow by 7pc
- Utico to tender RAK utility projects worth $450mn
- GCC needs additional 290MIGD of water
- SEC awards $850mn contracts
- Temporary power
- Kuwait to build its first solar power plant
- MENA to spend $283bn in power sector
- Top 10 power and water projects in the GCC