|11 July, 2019

Hyundai wins $2.7bln Saudi energy project deals

The scope of work includes development of two major packages of an oil field incremental development project in Marjan

Image used for illustrative purpose. BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas

Image used for illustrative purpose. BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas

Getty Images

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.

Copyright 2019 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business