Riyadh – Mubasher: National Gas and Industrialisation Co’s (GASCO) board agreed on a number of strategic and capital projects to boost the company’s business, services and products.
The total value of the projects worth SAR 330 million, according to a bourse filing on Tuesday.
The strategic projects include increasing the storage capacity of liquefied oil at its Riyadh plant by 300% to 12,600 cubic metres from 3,400 cubic metres at a value of SAR 100 million.
The company will spend SAR 55 million to develop and enhance the infrastructure of the security systems of its branches.
Gasco will also allocate SAR 175 million to increase its fleet of trucks and tankers and develop its information technology systems.
