UAE's ADNOC awards $3.5 bln contracts to Samsung Engineering

Samsung E&A Co

26/03/2018 11:10

March 26 (Reuters) - Abu Dhabi National Oil Company (ADNOC)
said on Monday it has awarded two contracts to South Korea's
Samsung Engineering  028050.KS  worth more than $3.5 billion.
    The two contracts were signed by ADNOC Refining, a wholly
owned subsidiary of ADNOC, and Samsung Engineering, for a $3.1
billion crude oil processing flexibility project and another
$473 million project to recover power and water, both at the
Ruwais oil refinery, ADNOC said in a statement.  

 (Reporting by Rania El Gamal, editing by Louise Heavens)
 ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters
Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: https://twitter.com/Rania_ElGamal))