(MENAFN) South Korea's builder SK Engineering & Construction Co. stated that it has been awarded a USD1.1 billion Saudi contract, reported Qatar News Agency.
The firm is in charge of establishing an oil refinery facility in the southwestern region of the Kingdom.
The company said that the oil refinery plant it will construct will have an output capacity of 400,000 barrels of crude per day; furthermore, it will establish a terminal to transport the petrochemical products in Jazan Economic City.
It is worth noting that the contract was inked with Saudi Aramco.
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