02-04-09 GS Engineering & Construction, South Korea's second-largest builder, said that its $ 900 mm order for a refinery project in east central Russia has been cancelled due to the contractor's circumstances.
GS Engineering won the order in June last year from Russian oil company Tatneft in a consortium with Italian engineering group Maire Technimont.

The refinery was scheduled to be built in Nizhnekamsk, 170 km east of Kazan, the capital of the Republic of Tatarstan, by 2011.