SK E&C wins $1.2-billion deal for oil storage facility in UAE

Home > Business > Industry

print dictionary print

SK E&C wins $1.2-billion deal for oil storage facility in UAE

SK Engineering & Construction, an affiliate of the country’s top refiner SK Innovation, said Thursday that it has won a $1.2-billion deal to build an oil storage facility in the United Arab Emirates (UAE).

SK Engineering said it has already started building an underground oil storage bunker in the mountains in Fujairah to house up to 4.2 million barrels of oil.

Under the deal with Abu Dhabi National Oil Company, SK Engineering will complete the construction of the facility by 2022.


Yonhap

More in Industry

As profits boom, big Korean companies reduce head counts

Hyundai Heavy confirms bid to buy stake in Doosan Infracore

It's a wrap

Joining hands for MOU

Saemangeum support

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now