GS and two other South Korean builder to construct and expand refineries in UAE

Published: 03-Mar-2010

GS Engineering & Construction Corp and two other South Korean builders have inked various deals to construct and expand oil refinery facilities in the United Arab Emirates (UAE).

GS Engineering & Construction has won a $3.63 billion plant construction project, the biggest-ever won by a single South Korean company. Samsung Engineering Company, South Korea's largest plant builder has also clinched a $2.73 billion contract to construct an oil refinery in Ruwais, 250 kilometers west of Abu Dhabi.

SK Engineering & Construction Company also secured a $2.1 billion contract to build an oil refinery. The three South Korean builders won the deals in November last year, from Takreer, also known as Abu Dhabi National Oil Co.

The contracts are part of a project to expand crude oil refinery facilities in Ruwais. The project intends to boost the site's refining capacity by 417,000 barrels per day.

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