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World - Kuwait awards $11.5 bn contracts for new refinery

Kuwait National Petroleum Co said it awarded four contracts worth $11.5 billion (10.5 billion euros) to international consortia Tuesday to build a 615,000 barrel per day refinery. A $4.25 billion contract for the main manufacturing units went to Spain`s Tecnicas Reunidas, China`s Sinopec Engineering and South Korea`s Hanwha Engineering and Construction Corp, spokesman Khaled al-Assoussi said in a statement. The second and third contracts for infrastructure, worth a combined $5.75 billion, were awarded to a consortium of US Fluor Limited with South Korean Hyundai heavy Industries and Daewoo Engineering and Construction.

Tuesday, July 28, 2015  15:25


World - Hyundai, Kia Motors sign deal for 2018 Pyeongchang Olympics

SEOUL, South Korea (AP) — South Korean automakers Hyundai Motor Co. and its affiliate Kia Motors have signed on as a domestic sponsor of the 2018 Winter Olympics in Pyeongchang.

Thursday, July 23, 2015  15:07


World - Hyundai Motor`s 2Q earnings down 24 percent

SEOUL, South Korea (AP) — Hyundai Motor Co. says its second quarter earnings sank 24 percent due to a sales drop in China and weakness in other markets due to falling currencies.

Thursday, July 23, 2015  07:46

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