Mubasher: The Energy House Holding announced that its subsidiary in the UAE has received a letter to execute oil services in Turkmenistan, according to a bourse disclosure on Tuesday.
The oil services are valued to nearly $70 million and will be executed for three years.
Energy House’s subsidiary is currently studying the offer and determining the required capital costs.
The contract has not been signed yet, Energy House noted, adding that in case of signing the contract, oil services will commence in the third quarter of 2019.
Energy House clarified that it is hard to predict the financial impact in the current time.
