GS Engineering's order from Russia canceled

By Nam Kwang-sik
SEOUL, April 2 (Yonhap) -- GS Engineering & Construction Co., South Korea's
second-largest builder, said Thursday that its US$900 million order for a
refinery project in east central Russia has been canceled due to the contractor's
circumstances.

GS Engineering won the order in June last year from Russian oil company Tatnetf
OAO in a consortium with Italian engineering group Maire Technimont SpA.
The South Korean builder, however, did not elaborate on the details of the reason
why its order has been canceled.
The refinery was scheduled to be built in Nizhnekamsk, 170 kilometers east of
Kazan, the capital of the Republic of Tatarstan, by 2011.
ksnam@yna.co.kr
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