Hyundai Signs 3 Bn Euro Deal For Iran Oil Project


Korea’s Hyundai Engineering Co has signed a deal worth 3 billion euros (USD 3.2 billion) with an Iranian investment fund to invest in a major Iranian oil project.

This agreement covers construction of the second phase of the Kangan Petro Refining Complex in southwest Bushehr province of Iran in which Hyundai Engineering plans to invest 3.1 billion euros which is 95% of the overall project cost. 
Source- The Economic Times

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