Samsung Engineering says its consortium secured US$4.2 bln order from Bahrain

SEOUL, Dec. 1 (Yonhap) -- Samsung Engineering Co., a major South Korean industrial plant builder, said Friday that its consortium has secured a US$4.2 billion deal to modernize refinery facilities for the Bahrain Petroleum Co.

The South Korean company said its stake in the joint project is worth $1.35 billion. It added that the consortium includes French engineering company Technip and Spain's oil engineer Tecnicas Reunidas.

The deal would raise Bahrain Petroleum's capacity to refine crude oil to 360,000 barrels per day from the current 267,000 barrels.

entropy@yna.co.kr
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