(EnergyAsia, October 29 2010, Friday) — Singapore’s Rotary Engineering Limited said it has secured a US$250 million engineering, procurement and construction (EPC) contract to build a 1.1-million-cubic-metre oil storage facility in the UAE.
The contract was awarded by Singapore-based oil trader Concord Energy Pte Ltd for the Fujairah oil terminal to be completed in the fourth quarter of 2012.
Rotary, a leading provider of engineering, procurement, construction and maintenance services for the oil, gas and petrochemical sectors, expects to start work in the first quarter of next year.
Chia Kim Piow, Rotary’s chairman and managing director, said:
“This important contract helps to strengthen our foothold and extends our market presence in the Middle East. Our latest win is an indication that our strategy to capitalise on our presence in the market is bearing some fruit.”
Rotary set up a fabrication and maintenance facility in Jubail Industrial City in Saudi Arabia in 2007 and has landed contracts to build storage tanks for several companies including SHARQ Eastern Petrochemical Company, Saudi Kayan Petrochemical Company and Saudi Aramco Total Refining and Petrochemical Company (SATORP).