Topaz Wins $100m EPC contract
UAE-based GPSChemoil has awarded Topaz Engineering a $100m EPC contract for phase IV of the Oil Storage Terminal in Fujairah, UAE.
The company, through its subsidiary Nico International, won one of the major terminal repeat contracts at the 580,000m³ development, reported Arabian Oil and Gas.
The work, which includes engineering and procurement of all materials, tanks and equipment, as well as construction of the tank farm, is scheduled for completion in 2012.
The storage terminal is equipped with a facility for loading and receiving middle distillates, gas and fuel oil from shipping berths at OT1 and OT2 via eight loading and receiving pipelines running from the jetties to the terminal.