Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

UAE

Topaz Engineering Awarded $100Mn EPC Contract For Oil Storage Terminal

Topaz Engineering, a division of Topaz Energy and Marine, announced on October 19 that it had been awarded a $100mn engineering, procurement and construction (EPC) contract for the GPSChemoil Phase IV oil storage terminal in Fujairah, UAE. The storage capacity of the new terminal will be 580,000 cu ms. Topaz said it will be fully automated, with a facility for...