Tag Archives | Hyundai

Contract Awarded for Trucks

By John Lee. A company has won a tender to supply two truck tractors with low-bed trailer to the United Nations Office for Project Services (UNOPS) in Iraq. The contract with US-based Al-Kasid Commercial Agencies Ltd is valued at $269,300. According to the company’s website, Al-Kasid Commercial Agencies Ltd is the official distributor in Iraq for […]

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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 […]

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New Allegations of Massive Corruption in Iraq Oil Industy

By John Lee. An investigation by Fairfax Media — publisher of The Age and The Sydney Morning Herald newspapers — and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]

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Veolia Wins Contract at Karbala Refinery

Veolia Water Technologies has been selected by HDGSK Joint Venture to supply a Zero Liquid Discharge Evaporator and Crystallizer for the Karbala Refinery Project in Iraq. Veolia will engineer, procure and deliver a Zero Liquid Discharge system based on its proven HPD® Brine Evaporator and Brine Crystallizer technologies for calcium sulfate seeded slurry processes. Iraq’s […]

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US Officials ask how IS got so Many Toyota SUVs

U.S. counter-terror officials have asked Toyota to help them determine how the Islamic State group (ISIS, ISIL, IS) has managed to acquire the large number of Toyota pick-up trucks and SUVs seen prominently in the terror group’s propaganda videos. According to a report from ABC News, Toyota says it does not know how ISIS obtained […]

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Hyundai Elevator wins $63m Contract

By John Lee. South Korea’s Hyundai Elevator Co. has secured a $63-million contract to supply 1,668 elevators for all apartment buildings of the Bismaya New City Project until 2019. An additional $26 million deal is reported to be likely to be signed within the week to set up elevators in buildings, bringing the total to […]

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Koreans win $1.7bn Power Contracts

By John Lee. Reuters reports that Iraq has approved $1.7 billion in contracts with Korean companies Samsung Engineering and Hyundai Heavy Industries to build two engineering projects: Samsung won a $894.5 million contract to handle engineering, procurement and construction work on a degassing station in the Zubair oilfield; Hyundai won a $818 million contract to […]

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Maliki Heralds Construction of Karbala Refinery

By John Lee. Prime Minister Nouri al-Maliki has spoken at a ceremony to mark the start of construction on Karbala’s forthcoming 140,000 bpd refinery, Iraq Directory reports. As part of Iraq’s energy strategy to increase refining capacity to 750,000 bpd, the new $6 billion refinery will be constructed by a consortium led by Hyundai Engineering and […]

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Iraq Plans Oilfield Contract Award to Koreans

By John Lee. Businessweek reports that Iraq plans to award contracts at the Zubair oil field the the Korean companies Samsung Engineering, Hyundai Heavy Industries, and Daewoo Engineering & Construction. Oil minister Abdul Kareem Luaibi [Elaibi] (pictured) has told reporters: “We are in the last stages in attributing the project entirely to three Korean companies … […]

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Electricity Ministry “Stops Dealings with Siemens”

Iraqi press sources claim that the Ministry of Electricity has ceased dealings with the German company Siemens and all its subsidiaries, due to the company not fulfilling its contracts. The spokesperson of the Ministry of Electricity, Musab al-Mudaris, reportedly said that Minister Kareem Aftan gave the instruction during a meeting with the South Korean company Hyundai […]

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