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FINANCIAL NEWS
Kuwait signs USD 2.9bn gas deal with Korean firms
31 Mar 2016
(MENAFN) Kuwait signed a USD 2.93bn deal with three South Korean companies for the building of the huge liquefied Natural Gas (LNG) import facility.
Moreover, the project will be built at the Al-Zour refinery near the border with KSA, which was given to Hyundai Engineering Co., Hyundai & Construction Co. and Korea Gas Corporation.
Additionally, the facility will be part of a large complex built in Al-Zour, south of Kuwait City, which will be house a state-of-the-art 615,000 barrel-per-day.
The country awarded deal value USD 13.2bn to 10 international companies to build the refinery, which is ready to come on line in late 2019.
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