The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, July 4, 2017. Kim Hong-Ji
SEOUL- 7 Aug 2017 : Samsung Engineering Co., a South Korean plant builder, said Monday that it has secured a one billion dollar deal to build refining plant-related facilities in Oman, Yonhap news agency reported.
Under the deal with Duqm Refinery Petrochemical Industries Co., a 50-50 joint venture between Samsung Engineering and Petrofac of Britain, the companies will construct utilities and offsite facilities for a refinery project at Duqm, located in the southern part of Oman, by 2021.
Daewoo Engineering & Construction Co., a major South Korean builder, said that it has clinched a 963 million dollar deal to build process units of refinery facilities in Oman.
Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain will carry out the 2.75 billion dollar project to construct the facilities at Duqm, located in the southern part of Oman.
Daewoo Engineering & Construction holds a 35 percent stake in the joint venture.
Located in the Duqm Special Economic Zone, the refinery project will have a refining capacity of around 230,000 barrels of oil per day.