South Korea trumpets Hyundai E&C $5 bln contract with Aramco

Hyundai Engineering & Construction Co

25/06/2023 03:19

SEOUL, June 25 (Reuters) - South Korea's government on
Sunday said Hyundai Engineering & Construction  000720.KS  has
signed a contract worth $5 billion with Saudi Arabian state oil
producer Aramco  2222.SE  to build a petrochemicals complex in
the Middle Eastern nation.
    Land minister Won Hee-ryong, who attended a signing ceremony
in Saudi Arabia, said the deal would expand energy cooperation
between the two countries, the Ministry of Land, Infrastructure
and Transport said in a statement.

 (Reporting by Ju-min Park; Editing by Christopher Cushing)
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