Monday, August 30, 2010

Samsung Engineering secures US$770m contract from Petronas Carigali

SEOUL:'' Samsung Engineering Co., South Korea's largest industrial plant builder said Monday, Aug 30 it has clinched a US$770 million order to build a petrochemical plant in Sabah, South Korea's Yonhap news agency said.

Under the deal with Petronas Carigali Sdn Bhd, a unit of Malaysia's state-run oil company Petronas, Samsung Engineering will complete the plant by December 2013, the company said in a statement.

The plant to be built in Sabah will produce 300,000 barrels of oil and 1.25 billion cubic feet of natural gas per day, according to the company. - Bernama


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