|24 December, 2019

Agility’s unit pens $24mln contract with BP

The contract will cover liquified natural gas (LNG) shipping services

Oil is collected at a production facility at the Burgan oil field January 13, 2003 in Central Kuwait. Image used for illustrative purposes.

Oil is collected at a production facility at the Burgan oil field January 13, 2003 in Central Kuwait. Image used for illustrative purposes.

Getty Images/Scott Nelson
Mubasher: Tristar Holdings Limited, a 65.12%-owned subsidiary of Agility Public Warehousing, signed a four-year contract with BP Company.

With a total value of $24 million, the contract will cover liquified natural gas (LNG) shipping services, Agility disclosed to Boursa Kuwait on Tuesday.

The contract’s financial impact will be registered in the financial statements with respect to the actual implementation, Agility noted.

It is noteworthy to mention that during the first nine months of 2019, Agility’s profits increased by 7.9% to KWD 63.57 million, compared to around KWD 58.89 million in the corresponding period of 2018.

Moreover, Agility is a dual-listed company on Boursa Kuwait and the Dubai Financial Market (DFM).

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business