South Korea's Hyundai E&C cancels USD521 MM petrochemicals deal

South Korea's Hyundai E&C cancels USD521 MM petrochemicals deal
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30.10.2018

MOSCOW (MRC) -- South Korea's Hyundai Engineering& Construction said on Monday that it scrapped a 595 billion won (USD521 million) deal to build a petrochemicals complex in Iran, saying the Iranian customer's ability to fund it had been hit by the prospect of U.S. economic sanctions against Tehran, as per Reuters.In a regulatory filing, Hyundai E&C said the consortium it led for the proj

Full article at mrcplast.com

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