Samsung Engineering secures $840M Iraq plant order

Samsung Engineering secures $840M Iraq plant order

Global Post, Mon, Mar 31, 2014

Samsung Engineering Co. recently announced that it has secured a $840 million gas oil separation plant order from Iraq.

The contract is part of the larger Zubair Oil Field Development Project, which, once completed, will produce 200,000 barrels of oil per day.

Samsung Engineering said the lump sum turnkey project calls for the company to handle engineering and design, procurement, construction and conduct pilot operations. Construction that officially kicked off on March 30, 2014 is expected to be completed by October 2016.

To read the full article from Global Post, click here.