Jordanian firm wins $72 million fuel contract for Southern Iraq
Jordanian Shaheen Business and Investment Group (SBIG), has been awarded a $71.8 million contract by the Defense Energy Support Center (DESC) to deliver fuel to Southern Iraq.
The contract includes the purchase and delivery of 59.4 million gallons of unleaded gasoline and diesel fuel from Jordan to the Ramadi area of Iraq. Fuel delivery under the three-month contract is scheduled to begin on April 1, reported a press release.
The contract has three option periods of three months each that could extend the agreement through March 31, 2005. In the event all options periods are exercised, the value of the contract would be $287.3 million.
SBIG is headquartered in Amman, Jordan with principle offices in Washington, DC, London, Baghdad, Beirut and Dubai. It is a multinational family of companies, including CEMEX Global, with operations in engineering and construction, telecommunications, information technology, transportation, automobile trading and assembly, logistics and fuel supply. — (menareport.com)
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