IRAQ

 

Baghdad Awards Karbala Refinery EPC To Korean Consortium

 

The Iraqi cabinet has approved the award of a contract to build a 140,000 b/d refinery at Karbala to a consortium led by Korea’s Hyundai Engineering and Construction. Following a meeting on 7 January, the Council of Ministers announced that the refinery would cost $6.04bn and take 54 months to build.

Hyundai and Korea’s GS Engineering and Construction subsequently confirmed that they were involved in...