Shaheen Business and Investment Group Awarded $71.8 Million Contract by Defense Energy Support Center to Provide Fuel to Southern Iraq.Business Editors Topical News: War On Terrorism Terrorist acts and the threat of Terrorism have occupied the various law enforcement agencies in the U.S. government for many years. The Anti-Terrorism and Effective Death Penalty Act of 1996, as amended by the usa patriot act WASHINGTON--(BUSINESS WIRE)--March 22, 2004 The Shaheen Business and Investment Group (SBIG SBIG Subject Based Information Gateway(s) SBIG Shahid Bakeri Industrial Group (Iran) SBIG Shaheen Business and Investment Group SBIG Salomon Broad Investment Grade Index ), announced today that it has been awarded a $71.8 million contract by the Defense Energy Support Center (DESC desc description DESC descending DESC Defense Energy Support Center DESC Defense Electronics Supply Center DESC District Explorer Scout Commissioner (UK) DESC Detroit Executive Service Corps (Michigan) ) to deliver fuel to Southern Iraq. The contract includes the purchase and delivery of 59.4 million gallons of unleaded gasoline and diesel fuel from Jordan to the Ramadi area of Iraq. Fuel delivery under the three-month contract is scheduled to begin on April 1. The contract has three option periods of three months each that could extend the contract through March 31, 2005. In the event all options periods are exercised, the value of the contract would be $287.3 million. "This project award demonstrates the strength of SBIG's fuel supply and logistics experience and our broad capabilities," said Anthony DeLuca, Chief Executive Officer, US Operations of SBIG. "We are pleased that DESC expressed the confidence in our company to help support the critical fuel needs of a new Iraq." In further support of the rebuilding of Iraq, SBIG is helping manage the Iraq police-training program in Jordan where 32,000 Iraqi police The creation of this unit was guided by the Coalition Provisional Authority however the command of the Police belongs to the new Government of Iraq. Overview The Iraqi Police Forces are part of the Iraqi Ministry of the Interior (MOI) which in conjunction with the Civilian are expected to be trained over the next two years. In addition, SBIG has also recently completed the design and construction of the Iraqi army The Iraqi Army is the army of Iraq, active in various forms since the country was formed in the aftermath of World War I. Today, it is a component of the Iraqi Security Forces tasked with assuming responsibility for all Iraqi land-based military operations following the 2003 training facility in Jordan. SBIG is a diverse multinational family of companies, including CEMEX CEMEX Cementos Mexicanos Global, based in Washington, DC, with operations in engineering and construction, telecommunications, information technology, transportation, automobile trading and assembly, logistics and fuel supply. SBIG is headquartered in Amman, Jordan with principle offices in Washington, DC, London, Baghdad, Beirut and Dubai. |
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