Wednesday, May 15, 2013
BEIRUT (Zawya Dow Jones)--State-controlled Petroleum Development Oman, or PDO, has awarded a $40 million deal to the local Al Baraka Oilfield Services Co. to replace and provide maintenance to some of PDO's oil pipelines, the official Oman News Agency reports Wednesday.
The pipelines are located in the Bahja area in the south of PDO's concession; the two-year deal, which is renewable for an additional year, was signed Wednesday, the news agency reports.
PDO, which accounts for more than 70% of the Gulf state's crude oil production and for almost its entire natural gas supply, is mainly owned by the Omani government with a stake of 60% and Royal Dutch Shell with an interest of 34%.
News agency website: http://www.omannews.gov.om/ona/newsDetails_inc.jsp?newsID=168391
Write to Beirut Bureau at djnews.dubai@dowjones.com
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(END) Dow Jones Newswires
15-05-13 1247GMT
