September 17, 2013 / 8:10 AM / 4 years ago

S.Korea's Daewoo E&C wins $521 million order in Saudi Arabia

SEOUL (Reuters) - Daewoo Engineering & Construction Co Ltd (047040.KS) said on Tuesday it won a 564.4 billion won ($521.49 million) order from Japan’s JGC Corp (1963.T) to build naphtha treatment and other facilities for a refinery in Jazan, 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.

    ($1 = 1,082.27 Korean won)

    Reporting by Joyce Lee; Editing by Matt Driskill

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below