Daewoo wins $521m Saudi refinery contract
Riyadh, September 17, 2013
Daewoo Engineering & Construction Company said it has clinched a 564.4 billion won ($521.49 million) order from Japan's JGC Corp to build naphtha treatment and other facilities for a refinery at Jazan in Saudi Arabia.
JGC Corp, which won a larger order from oil giant Saudi Aramco in November 2012, entered into a joint venture agreement with Daewoo, the South Korean builder said in a regulatory filing. The contract is expected to expire by February 2017, Daewoo said.-Reuters