Most Popular
-
1
Korea’s homegrown nanosatellite successfully launches into space
-
2
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
3
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
![[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/24/20240424050844_0.jpg&u=20240424200058)
-
4
Nicaragua shuts down Seoul embassy
-
5
Hybe's multilabel system tested amid conflict with Ador
![[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/24/20240424050844_0.jpg&u=20240424200058)
-
6
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
-
7
SNU profs to suspend treatment for one day
-
8
SK hynix pledges W20tr to ramp up DRAM production at home
-
9
Over-50s, men, single-person households take up majority of those filing for bankruptcy
-
10
Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
SK E&C signs deal to modernize Iranian oil plant
By Catherine ChungPublished : Aug. 6, 2017 - 13:11
SK Engineering & Construction Co., a South Korean builder, said Sunday that it has signed a $1.6 billion deal with an Iranian company to carry out an oil refinery modernization project.
Under the agreement with Tabriz Oil Refining Co., an affiliate of Parsian Oil and Gas Development Group Co., the South Korean builder will renovate and upgrade the gasoline and diesel manufacturing facilities in the Tabriz oil refinery compound, some 600 kilometers northwest of Tehran, according to SK E&C.
Under the agreement with Tabriz Oil Refining Co., an affiliate of Parsian Oil and Gas Development Group Co., the South Korean builder will renovate and upgrade the gasoline and diesel manufacturing facilities in the Tabriz oil refinery compound, some 600 kilometers northwest of Tehran, according to SK E&C.
The project is to be completed within 36 months after the groundbreaking, the company added.
SK E&C won the bid last year and conducted a feasibility study for six months.
Since the signing of the landmark nuclear deal and the removal of international anti-Iran sanctions, the Tehran government has been moving to attract foreign companies in order to boost its oil industry and the economy. (Yonhap)
![[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/25/20240425050656_0.jpg&u=)
