Prysmian wins $89m special cables deals
Milan, May 3, 2011
Italy-based Prysmian Cables & Systems, a leader in energy systems, has won two contracts worth 60 million euros ($88.9 million) to supply special cables for oil, gas and petrochemicals applications in the UAE and Kuwait.
In a deal signed with leading oil & gas industry contractor Saipem, Prysmian will supply a wide range of power, instrumentation and fibre optic cables specially designed for process plant and sulphur recovery units for treating natural gas at the Shah Arab Field in Abu Dhabi and hydrocarbon resistant instrumentation and signalling cables for the BS 171 oil booster station project in Kuwait.
The two contracts are worth in excess of 50 million euros and 10 million euros respectively. The cables will be produced in the company’s Italian plants, with delivery starting from May.
Prysmian cable systems have been selected for current high-profile projects such as the Qafco fertiliser plant in Qatar, the Borouge polyolefin plant in Abu Dhabi and the LNG 2 plant in Yemen. – TradeArabia News Service
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