The Korea Herald

지나쌤

SK E&C wins 525 bln-won order from Kuwait

By KH디지털2

Published : Oct. 14, 2015 - 13:44

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South Korean construction firm SK Engineering & Construction Co. said Wednesday it has won a 525 billion-won ($456 million) order to build an oil refining facility in Kuwait.

Under the deal with the Kuwait National Petroleum Company, SK Engineering will take part in the $1.5 billion deal. Another South Korean firm Hyundai Construction & Engineering Co. and Italy-based Saipem SpA also participated in the project.

SK E&C will take up 30 percent of the amount.

Kuwait is seeking to build the world's largest oil refinery with a production capacity of 615,000 barrels a day, with the combined investment standing at $14 billion.

The project will run through 2019, with SK E&C being in charge of underwater construction.

SK E&C said it has clinched $7 billion worth of deals in the Kuwait market so far. (Yonhap)