PDO awards 15-year contract to al Maha Petroleum

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هذه الصفحة متوفرة بهذه اللغة: العربية

2 November 2020

MUSCAT (WAF): Petroleum Development Oman (PDO) has awarded a 15-year contract to al Maha Petroleum Products Marketing Company to construct and operate new retail filling stations and fuel supply to PDO and its contractors.

“The Contract envisages an initial capital investment of RO8 million and the expected revenue is about RO35 million per annum including Non-Fuel Revenue (NFR) generated from the Contract,” Al Maha petroleum said in a filing to Muscat Securities Market (MSM) today.

The contract started as of 23 August 2020 till 22 August 2035 and can be extended for additional five years.