Thursday 9 July 2020

Hyundai wins $2.7bn Saudi energy project deals

SEOUL (South Korea), July 11, 2019

Hyundai Engineering & Construction (E&C) has secured a 3.2 trillion won ($2.7 billion) order from state oil giant Saudi Aramco to build gas and crude oil-processing facilities in the kingdom, said a report.

The scope of work includes development of two major packages of an oil field incremental development project in Marjan, northeast Saudi Arabia, reported The Korea Times.

According to the company, the 1.72 trillion won Package 6 requires it to expand an existing gas-oil separation facility.

Under the Package 12 deal, which is worth 1.45 trillion won, Hyundai E&C will build facilities for an onshore plant. The company expects each construction project to take 41 months, it added.


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