Tag Archives | South Korea

Samsung Sign $840m ENI Zubair Deal

By John Lee. Samsung Engineering Co., Ltd. has officially announced that it was awarded the North (Hammar Mishrif) New Degassing Station Facilities contract for the ENI Zubair Oil Field Development project in Iraq, worth  $840 million. The signing ceremony was attended by Samsung Engineering’s President & CEO Mr.Park Choong-Heum, South Oil Company’s Director General Mr. Dheyaa Jaafar […]

Surprise Oil Find in Iraq

Iraq's Oil Ministry announced on Wednesday that it has discovered a new oil field in the Missan [Maysan] province, and described it as the biggest achivement in 30 years. According to the report from AKnews, the Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] told a press conference: “Iraqi Oil Company and the Southern Oil Company […]

Hyundai Offers Lowest Bid for Najaf Power Plant

South Korea's Hyundai Heavy Industries has tendered the lowest of six bids for the construction of a 500-megawatt natural-gas fired power plant in Najaf, an Iraqi Electricity Ministry official said. According to Bloomberg, Hyundai bid $158.9 million for the work; Metka SA (METTK) of Greece, Turkey’s Enka Insaat & Sanayi AS, Lanco Infratech Ltd. (LANCI) […]

Korean Think-Tank Urges Partnerships for Iraq Reconstruction

(Source: Korea Times) The Korea Times reports that a state-run think tank called on the government, along with local businesses, to gear up for reconstruction projects in Iraq, predicting the demand will rise in the near future. In a report entitled "Prospects of the Iraqi Economy after the General Elections," the Korea Institute for International […]

S. Korean Ambassador Discusses Cooperation

The Iraqi Industry minister has received the South Korean ambassador to Iraq, and discussed with him methods of cooperation at different industrial levels. “The minister stressed that his ministry will employ all methods that support South Korean companies working in Iraq,” the Iraqi Industry Ministry said in a statement on Tuesday as received by Aswat […]