Tecnicas Reunidas (ES:TRE) has released an update.
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Técnicas Reunidas has been awarded a $440 million engineering and management contract for the Vaca Muerta project, one of the world’s largest unconventional oil and gas reserves, located in Argentina. This contract involves the development of a hydrocarbon storage and dispatch terminal, contributing significantly to Argentina’s economic growth and YPF’s global market position. Técnicas Reunidas continues to strengthen its presence in Argentina, aligning with its strategic plan to engage in low-risk construction projects.
For further insights into ES:TRE stock, check out TipRanks’ Stock Analysis page.
