BUSINESS

Samsung Engineering wins $1b plant deal from Oman

By Catherine Chung
  • Published : Aug 7, 2017 - 13:49
  • Updated : Aug 7, 2017 - 13:49
Samsung Engineering Co., a South Korean plant builder, said Monday that it has secured a $1 billion deal to build refining plant-related facilities in Oman.

(Yonhap)

Under the deal with Duqm Refinery Petrochemical Industries Co., a 50-50 joint venture between Samsung Engineering and Petrofac of Britain, the companies will construct utilities and offsite facilities for a refinery project at Duqm, located in the southern part of Oman, by 2021.

Located in the Duqm Special Economic Zone, the refinery project will have a refining capacity of around 230,000 barrels of oil per day. (Yonhap)