Hyundai E&C wins order worth $3.5 billion for oil refinery

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Hyundai E&C wins order worth $3.5 billion for oil refinery

Hyundai Engineering & Construction said Monday it had won an order worth about 3.53 trillion won ($3.48 billion) to upgrade oil refinery facilities in Venezuela from state-owned oil company PDVSA.

The Korean builder said in a regulatory filing the contract is expected to last roughly 47 months, but the start of the contract as well as its value has not yet been finalized.

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