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South Korean consortium to rebuild oil refinery complex in Turkmenistan

July 25, 2013, 11:53 UTC+3
After the reconstruction is over the oil refinery complex will be able to process 10,000 barrels of oil per day
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SEOUL, July 25 (Itar-Tass) - South Korea’s consortium will rebuild an oil refinery complex in Turkmenistan, Yonhap News Agency reported on Thursday.

The deal amounts to 240 million U.S. dollars, the news agency said.

Under the contract, Petronas Carigali, LG International Corporation and Hyundai Engineering will rebuild the oil refinery complex at Kiyanly on the shores of the Caspian Sea.

After the reconstruction is over the oil refinery complex will be able to process 10,000 barrels of oil per day and 35 million cubic metres of natural gas.

The South Korean companies will be responsible for designing and the purchase of construction materials, and the whole construction process.

In 2009 and 2012 the South Korean consortium signed such deal with Turkmenistan at the total amount of two billion U.S. dollars.

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