Hyundai E&C wins $1.35 billion refinery project in Venezuela

SEOUL Thu Jun 14, 2012 3:50am BST

Related Topics

Quotes

   

SEOUL (Reuters) - Hyundai Engineering & Construction (000720.KS) said on Thursday it was a winning bidder for a project valued at around 1.58 trillion won ($1.35 billion) to expand and improve refinery facilities in Venezuela.

The South Korean builder said it will take 42 months to complete the project for PDVSA Petroleo S.A.

(Reporting by Hyunjoo Jin; Editing by John Mair)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.