Russia cancels refinery order with South Korean engineering firm
Apr 02, 2009 02:00 AM
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.
Source / Asia Pulse Pte Ltd.
