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Maldives Gas signs agreement with Allied Insurance to expand capacity

Maldive Gas has entered into an external financing agreement with Allied Insurance Company to expand the LPG storage capacity of their main terminal in Thilafushi.

Mariyath Mohamed
27 May 2024, MVT 20:33
Allied Insurance
Mariyath Mohamed
27 May 2024, MVT 20:33

Maldive Gas has entered into an external financing agreement with Allied Insurance Company to expand the LPG storage capacity of their main terminal in Thilafushi.

Maldive Gas said that the completion of this project would see the current capacity of storing gas up to 35 days increase to a duration of approximately 5 months.

In a ceremony held this morning, Maldives Gas Managing Director Abdulla Mohamed signed the agreement, with Allied Insurance Company's Managing Director Hussain Luwaiz.

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