Two Korean builders win $2.1B order from Vietnam

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Two Korean builders win $2.1B order from Vietnam

GS Engineering & Construction, Korea’s fourth-largest builder, said yesterday that it has won a $2.1 billion order to build the largest oil refinery and petrochemical plant in Vietnam along with SK Engineering & Construction.

The two Korean builders will build the plant in Nghi Son, 200 kilometers (124 miles) south of Hanoi, by 2017 for Nghi Son Refinery & Petrochemical Limited Liability, according to GS E&C.

The largest plant in Vietnam, when completed, will be able to refine 200,000 barrels of crude oil per day, GS E&C said, adding it and SK E&C hold a 50 percent stake in the project.

The two major Korean builders have jointly won projects in Asia in recent years. In October, the two builders clinched a $1 billion deal to build an oil refinery plant in Thailand. Yonhap

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