GS Engineering wins record US$3.1 bln refinery order from UAE

SEOUL, Nov. 5 (Yonhap) -- GS Engineering & Construction Co., a South Korean
builder, said Thursday that it has won a US$3.1 billion deal to expand oil
refinery facilities in the United Arab Emirates (UAE).

The deal with Takreer, also known as Abu Dhabi National Oil Co., calls on GS
Engineering to complete the project by January, 2014, the company said. The order
is the biggest-ever won by a single South Korean company for plant construction.
The contract is part of a project to expand crude oil refinery facilities in
Ruwais, about 250km west of Abu Dhabi.
Shares of GS Engineering were trading at 106,500 won on the Seoul bourse as of
9:20 a.m., up 2.4 percent.
sam@yna.co.kr
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