Aker Kvaerner Powergas, the Indian
subsidiary of Aker Kvaerner Group of Norway, has won a $6 million contract from
Hood Oil of Yemen for providing project management consultancy for a three
million tpa Ras Issa refinery project.
Reliance Industries and International
Finance Corporation also hold stakes in the project. The project consists of
construction and operation of a 60,000 bpd refinery on the Ras Issa peninsula on
the Red Sea coast of Yemen.
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