October 13 (SeeNews) - Bosnia's biggest engineering firm, Energoinvest, has won a $8.0 million (5.4 million euro) contract in Congo while its Petrolinvest unit is about to clinch deals worth around 30 million euro in total in Algeria, Bosnian media reported on Tuesday.
The Sarajevo-based company will deliver a fibre-optic cable for the needs of the Congo electricity utility, Bosnian online news portal Onasa (www.onasa.com.ba) reported, quoting an Energoinvest statement.
Petrolinvest, 52.5%-owned by Energoinvest, will sign shortly two contracts in Algeria as the relevant paperwork is currently being prepared, Onasa said.
The contracts cover removal of mercury from oil derivatives at the Skikda refinery, in north-eastern Algeria, and a glycol regeneration scheme at the Hassi R’mel gas field, located some 550 kilometres south from Algiers. Both deals were awarded by government-owned company Sonatrach, the news agency said.
Energoinvest (www.energoinvest.ba) is active in multidisciplinary engineering, design, manufacturing, consulting, research and development, trading, representation and agency, transfer of technology and know-how.
Petrolinvest (www.petrolinvest.ba), also based in Sarajevo, is an engineering company with expertise in the design and construction of industrial process plants for the oil, gas and petrochemical Industry.
Energoinvest shares closed down 1.13% at 6.03 marka ($4.58/3.08 euro) on the Sarajevo bourse on Monday.
(1 euro=1.95583 Bosnian marka)