VOL. XLVI
No 18
05-May-2003
LIBYA
LG Construction Pulls Out Of Zawiya Upgrade Contract
South Korea’s LG Construction has pulled out of a $280mn contract to upgrade the 120,000 b/d Zawiya refinery after Libya’s National Oil Corporation, who commissioned and negotiated the contract, failed to make front-end payments, according to the Asia Pulse. The original contract was awarded in mid 2002 after protracted negotiations between NOC and the two leading bidders, LG and...
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