Karbala Refinery Project “Halted … Solvency Concerns”

By John Lee.

Work on a the $6-billion Karbala Refinery Project has reportedly been suspended.

According to Korea Times, the work has been halted “due to the Iraqi government’s late construction payment, raising concerns about its solvency.

The Engineer, Procure and Construct (EPC) contractor for the Karbala Refinery Project is HDGSK, a South Korean joint venture led by Hyundai Engineering & Construction. The joint venture consists of Hyundai E&C, Hyundai Engineering Co Ltd, GS Engineering & Construction, and SK Engineering & Construction.

(Source: Korea Times)

8 Responses to Karbala Refinery Project “Halted … Solvency Concerns”

  1. georges krammer June 23, 2016 at 2:02 pm #

    what about the Maissan refinery and MIRC ?

  2. krammer June 24, 2016 at 9:54 am #

    have you heard about a company named satarem and their activities in Irak

  3. Editor June 24, 2016 at 12:05 pm #

    Dear Mr Krammer, yes indeed, we have covered that story:
    http://www.iraq-businessnews.com/tag/satarem/

  4. Akshay July 9, 2016 at 2:56 pm #

    Please let us know about the current status or might be the upcoming status of karbala refinery project..whether it is going to start again??? if yes than its fine.. as many are gone unemployed because of the suddened shut down of the project 1000’s including me…

  5. Arun July 29, 2016 at 9:30 am #

    May i know by how many month it ll get to start ?

  6. Mohammad Hosein Rajabi August 2, 2016 at 7:29 pm #

    I’m a welder tig and arg I worked in Hyundai company in 2002in Iran now I working in Iraq and I like to work in the company in Iraq, if it possible please help me to find it.