Tehran has signed an agreement valued at $2 billion with South Korea's petchem giant Daelim Corporation to renovate and expand the Isfahan Oil Refinery, a top official said.
The deal is aimed at reducing fuel oil production an
South Korea’s Daelim Industrial Company is set to develop a 500-hectare residential town in Tehran, Iran, at an investment of around €900 million ($1.06 billion), said a report.
The investment will be a major boost to t
Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea's Daelim Construction a 1.1 billion riyal ($293 million) contract to build a butanol plant, Sabuco shareholders said on Sunday.
Kuwait's state-run oil group signed a 147 million dinar ($514 million) contract with South Korea's Daelim Industrial to build and upgrade facilities at an oil refinery in the country, state news agency Ku
South Korea's Daelim Industrial is the front runner for deals to build parts of a giant petrochemical complex owned by state oil giant Saudi Aramco and US Dow Chemical, industry sources said.
Daelim submitted the lowest bid for the c
South Korea's Daelim has won a $750 million engineering, procurement and construction contract from Sahara Petrochemicals to build a new petrochemical plant in Jubail Industrial City in Saudi Arabia, a report said.
The project, a joint
South Korea's Daelim has won a contract to build a $750 million petrochemical plant for Saudi Arabia's Sahara Petrochemicals Company, the Saudi firm said on Saturday.
The project is a JV between Sahara and state-run miner Saudi Arabia
Kuwait's state-run refining arm KNPC is close to signing a 260 million Kuwaiti dinars ($892.8 million) deal with South Korea's Daelim Industrial Co for a gas facility and pipeline, a KNPC spokesman said on Sunday.
The facility woul
Saudi Arabian Mining Company (Maaden) said on Tuesday it has chosen South Korea's Daelim Industrial Company for preliminary work on its Jubail petrochemicals project.
Maaden said it expected construction of the project, a joint venture
South Korea has won $18.7 billion worth of overseas plant projects in the first half of 2007, mainly from building energy-related plants in the Middle East and Southeast Asia, the Energy Ministry said.
The amount is 73 per cent higher from