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April 25, 2024

Daewoo E&C wins W1.1tr deal from Oman

PUBLISHED : February 19, 2018 - 11:17

UPDATED : February 19, 2018 - 11:17

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[DISCLOSURE] Daewoo Engineering and Construction (047040) announced on Feb. 19 that it has signed a 1.05 trillion won (US$983.70 million) contract with Oman’s Duqm Refinery and Petrochemical Industries Company to supply process units for a refinery plant in Duqm special district. 

Daewoo E&C has formed a consortium with Spain’s Tecnicas Reunidas and its stake is 35 percent. 

By Hwang You-mee (glamazon@heraldcorp.com)

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