PHOTO
Image used for illustrative purposes, employee walks at Mashivske gas field 400 km (248.5 miles) east of Kiev, December 23, 2008. The Russian gas export monopoly Gazprom has threatened to cut off gas supplies to Ukraine, saying it must pay off debts of $2 billion by the end of the year. Ukraine's state energy company, Naftogaz, said it no longer had any arrears for imported gas and warned it would be difficult to ensure the transit of gas through its territory to Europe if Russia cuts supplies. Picture taken December 23, 2008. REUTERS/Konstantin Chernichkin
Saudi-listed Gas Arabian Services Company (GAS) has signed two engineering, procurement and construction (EPC) contracts worth 598.01 million Saudi riyals ($159.46 million) with state-owned Saudi Power Procurement Company (SPPC) for gas pipelines.
The first EPC contract for the Qassim pipeline is valued at SAR341.90 million, while the Taibah pipeline contract is worth SAR256.10 million, the company said in separate statements to the Saudi stock exchange on Sunday.
The duration for each contract is 22 months.
(Writing by P Deol; Editing by Anoop Menon)
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