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Hyundai Heavy wins UAE project

Companies

Seoul -

South Korea's Hyundai Heavy Industries said on Friday it had won a $2 billion project to build offshore oil production facilities in the United Arab Emirates.

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The deal with the Abu Dhabi Marine Operating Company is for a project in the Nasr oil field, 130km off Abu Dhabi.

The facilities to be provided by Hyundai Heavy include a gas treatment plant and crude oil cracking plant, the company said.

The project, with a targeted completion date of 2019, will triple the Nasr field's production to 65 000 barrels per day. - Sapa-AFP

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