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RIA Novosti

Business

Russia's Stroytransgaz to build $400mln gas pipeline in UAE

16:20 24/07/2008
MOSCOW, July 24 (RIA Novosti) - Stroytransgaz, one of Russia's largest engineering and construction companies, announced Thursday it had signed a $400 million contract to build a gas pipeline in the United Arab Emirates.

"Representatives of Stroytransgaz and Dolphin Energy Ltd. have signed a contract for the construction of the Taweelah-Fujairah gas pipeline in the United Arab Emirates," Stroytransgaz said in a statement.

The 240-km (150-mile) gas pipeline will run right across the UAE to link gas receiving facilities at Taweelah on the Persian Gulf with a water treatment plant in Fujairah on the Gulf of Oman.

Stroytransgaz, which is partly owned by Russian energy giant Gazprom, is involved in oil and gas construction projects in 15 countries.

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