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S. Korean builders win $2.5 bln Saudi gas plant project

All Headlines 14:24 February 13, 2011

SEOUL, Feb. 13 (Yonhap) -- South Korea's SK Engineering & Construction Co. and Samsung Engineering Co. said Sunday that they have secured a US$2.5 billion gas plant project in Saudi Arabia.

The companies said that the Wasit gas plant to be built by 2014 is located 50 kilometers north of the industrial city of Jubail, and will be able to handle 70 million cubic meters of gas per day.

Once built, the plant ordered by Saudi Arabia's state-run oil giant Aramco, will be the biggest of its kind in the Middle Eastern country.

Of the total, SK won construction orders worth $1.9 billion, including the natural gas liquids processing facility, with Samsung securing $600 million worth of work.

The South Korean companies will be responsible for designing, purchasing of necessary components and materials and actual construction of the plant.

SK Engineering, meanwhile, said the Wasit plant deal is the fourth order won by the company in Saudi Arabia in the last three years, while it marks the first time that Samsung has made inroads into the Middle East.


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