Northbridge unit wins key Yemen contract
Dubai, April 19, 2009
RDS (Technical), a wholly-owned subsidiary of Northbridge Middle East, has won a rental contract from Jabal Salab Company (Yemen) for supply of generators and transformers to its Zinc project together with a maintenance agreement.
Based in the Jebel Ali Free Zone, Northbridge ME is an energy services rental company catering to firms in the Middle East and North Africa and Central Asia region.
Under the contract, RDS will supply generators and transformers and associated equipment to Jabal Salab's zinc project in Yemen.
The contract is due to start in September 2009 with the full package expected on site in the first half of 2010, said a company official.
'It has a minimum service period for the hire of the equipment of 12 months and is renewable thereafter. The value of the minimum service period is $2.9 million,' Northbridge Industrial Services CEO Eric Hook said.
'In June 2008 we acquired new premises in the Middle East in order to facilitate more rapid growth in this important region,' he pointed out.
'Winning this contract represents an important successful step in Northbridge's objective of becoming a key supplier of specialised rental services in the Middle East,' Hook added.
The majority shareholder of Jabal Salab is Zincox Resources, an AIM-quoted company registered on the London Stock Exchange which specialises in low cost production of zinc from mined zinc oxide.-TradeArabia News Service
More Energy, Oil & Gas Stories
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants
- Iraq oil exports hit record 2.8m bpd
- Korean refiners eye more Iraq crude
- Dana starts Egypt gas plant upgrade
- Opec oil production hits new high in Feb
- Taqa-led group to buy Indian hydropower plants
- Schneider gets energy management certification
- Morocco moves ahead with $1.7bn wind farms