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PT Pertamina (Persero) awards a PMC contract: WorleyParsons Limitedâs (ASX:WOR) stock rose 1.94% on August 17, 2018 after the company secured a project management consultancy (PMC) contract from PT Pertamina (Persero).
[optin-monster-shortcode id="wxhmli4jjedneglg1trq"]As per the contract, WOR will provide PMC services to Pertamina for EPC Packages of Refinery Development Master Plan (RDMP) Project Refinery Unit V - Balikpapan in Indonesia. Further, as per the RDMP program, Pertamina is expected to build new processing units for the existing RU V - Balikpapan Refinery and expand the Refineryâs existing capacity for the production of high quality fuel products. Pertamina has also planned to upgrade the Lawe-Lawe terminal in order to include new facilities for unloading from tankers, a crude storage tank, utility units and a crude transfer line to RU V - Balikpapan Refinery. These services will be operated by WorleyParsons Indonesia. Meanwhile, WOR stock has risen 1.54% in three months as on August 16, 2018.
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