Mainboard-listed Rotary Engineering Limited and its subsidiaries (“Rotary” or the “Group”), a regional oil & gas engineering, procurement, construction (EPC) and maintenance services value chain provider, has recently secured two projects worth more than USD 120M in Dubai, UAE (United Arab Emirates) and Thailand.
The two EPC of tank storage projects are for the oil refineries of ENOC (Emirates National Oil Company) and Thai Oil Public Company. The tanks are an expansion of both refineries’ existing refining capacity.
The ENOC contract is part of a USD 1B refinery expansion project by ENOC. In addition to the higher technical complexity involved in the construction of refinery tankage, excellent project expertise is required to avoid disrupting ongoing operations. The project will play a key role in meeting the UAE’s growing domestic demand for energy, as well as in expanding its range of oil products for export.
The Thailand project is among Rotary’s several projects in Thailand’s thriving oil and gas hubs. Rotary has established a strong brand name in both the Middle East and Thailand with a track record of delivering high quality projects on-time, on-budget and with safety. The UAE project is its second key project in Dubai’s Jebel Ali Free Zone for industries. Mr Roger Chia Kim Piow, Chairman and Managing Director of Rotary said, “The contract wins reflect customers’ confidence in our capabilities and track record. We will continue to position Rotary for resilient growth amidst challenging market conditions.”