Malaysia’s Bumi Armada wins $300 mln contract in Malta
By: Reuters | Apr 14 2015 at 11:42 PM | International Trade
Malaysian oil field services firm Bumi Armada Bhd has won contracts worth $300 million to provide a floating storage unit in Delimara, Malta, to ElectroGas Malta Limited, it said on Tuesday.
The contracts are for a period of 18 years and 2 months from 2016, Bumi Armada said in an announcement to the stock exchange.
ElectroGas Malta (EGM) is a joint venture company between four entities, including Siemens Project Ventures GmbH, a subsidiary of Siemens AG’s finance arm.
EGM was awarded contracts by Enemalta Corporation, the national electricity company of Malta that is majority owned by the government.