(MENAFN- Iraq Business News) Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq.
South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh water per day.
This will help to increase output at Iraq's oil fields.
(Sources: Yonhap, Korea Herald)
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