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Economy 06/10/2011 KNM inks US$71.63m contract in Uzbekistan
KNM inks US$71.63m contract in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- KNM Group has signed a contract worth US$71.63 million with Lukoil Uzbekistan Operating Company.

It said on Thursday that its wholly owned subsidiary KNM Process Systems Sdn Bhd (KNMPS) had on 3 October 2011 signed the contract in respect of the development of documentation and equipment supply facility “booster compressor station” at the Khauzak site in Uzbekistan.

It said the contract duration was for 23 months, and that the project was expected to contribute positively to its earnings for the financial years ending 31 December 2011, 2012 and 2013.

KNM had earlier on 26 May announced that KNMPS had won the bid for the contract.

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