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

Home > Business > Industry

print dictionary print

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

Published: 28 Feb. 2019, 19:49
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
tags

More in Industry

NCsoft shares drop after Journey of Monarch released

Agencies fight over The Boyz trademark rights

Samsung Electronics names new CFO and sets up an AI center

'Travel advisory: Korea': Martial law scare threatens tourism with national warnings

Panicked shoppers hoard bottled water, toilet paper amid martial law chaos

Related Stories

Samsung SDI-Stellantis venture gets $7.5B from U.S. for EV battery plants

Professors call for laws to aid struggling private universities

Kospi jumps nearly 2% on surprising U.S. industry data

Giant panda Fu Bao suffers unknown symptoms at Chengdu Research Base

Han Kang to deliver Nobel Prize lecture on Saturday
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

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

Standards Board Policy (0/250자)