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| Name | Symbol | Market | Type |
|---|---|---|---|
| Petrofac Ltd (PK) | USOTC:POFCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0032 | -3.23% | 0.0958 | 0.0913 | 0.1113 | 0.101 | 0.082 | 0.101 | 795,562 | 21:14:28 |
From Jun 2019 to Jun 2024
By Razak Musah Baba
LONDON--Petrofac Ltd.'s (PFC.LN) joint venture with Samsung Engineering (028050.SE) has won a contract worth $2 billion with Duqm Refinery and Petrochemical Industries LLC in southern Oman.
Petrofac said Friday that work on the 47-month project would commence shortly, subject to financial closure and full notice to proceed from Duqm Refinery.
Petrofac and Samsung will conduct the engineering, procurement, construction, commissioning, training and start-up operations at Duqm.
Petrofac shares at 1015 GMT up 5.9 pence, or 1.3%, at 449.9 pence, valuing the company at 1.56 billion pounds ($2.06 billion).
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
(END) Dow Jones Newswires
August 04, 2017 06:43 ET (10:43 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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