Tuesday, April 23, 2024
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South Korea trumpets Hyundai E&C USD5 billion contract with Aramco

CNA – South Korea’s government yesterday said Hyundai Engineering & Construction has signed a contract worth USD5 billion with Saudi Arabian state oil producer Aramco to build a petrochemicals complex in the Middle Eastern nation.

Land minister Won Hee-ryong, who attended a signing ceremony in Saudi Arabia, said the deal would expand energy cooperation between the two countries, the Ministry of Land, Infrastructure and Transport said in a statement.

PHOTO: ENVATO
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