“This contract will have a positive effect on the sales of the company as well as on profitability,” the company said in a filing to the Muscat Securities Market (MSM) on Wednesday. The company had recently announced that its new air-separation plant at the Sohar Industrial Estate has been successfully commissioned and the production of oxygen and nitrogen has commenced. The company recently reported a 2.4 per cent increase in its annual net profits from RO1.37mn in 2011 to RO1.40mn in 2012.
Muscat Gases signs deal for supply of nitrogen
Muscat Gases announced that it has signed a contract for the second term of ten years with Sohar-based Gulf Specialty Steel Industries Co for supply of nitrogen from the company's new airseparation plant in Sohar.