Wednesday, Jul 04, 2012
(This story was originally published Tuesday)
BEIRUT (Zawya Dow Jones)--Kuwait-based Agility (AGLTY.KW) said Tuesday it has won a new contract estimated to be worth $238 million to provide logistics support to the Gorgon natural gas project in Western Australia.
Agility, the Persian Gulf region's biggest logistics firm by market value, said that under the two-year deal, it will provide various logistics, stevedoring and related services to a marine loading facility in Henderson, Perth.
Agility said in a statement posted on the Dubai bourse website that it has also been granted an extension for two years of an existing contract that was announced in 2009. It added that the value of this extension is estimated at $262 million.
The company's shares closed flat at 0.385 Kuwaiti dinar ($1.37) in a higher market.
By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
04-07-12 0344GMT
