Técnicas Reunidas closes $3.394 billion contract in UAE with Abu Dhabi National Oil Company
Bankinter | Técnicas Reunidas has informed the National Securities Market Commission (CNMV) that it has been awarded a contract in the United Arab Emirates for a total amount of $3.394 billion. Specifically, it will develop oil exploration and production facilities for Abu Dhabi National Oil Company (Adnoc). The project is estimated to last five years and is a turnkey deal. Opinion of the analysis team: Positive news. The contract is…