Hyundai E&C was quoted by Reuters as saying that Hyundai Engineering, GS Engineering & Construction, and SK Engineering & Construction have received the project from the country’s state company for oil projects.
Hyundai E&C, along with Hyundai Engineering will have a combined 37.5% stake in the project that worth around $2.265bn.
GS will also hold 37.5% interest in the project, while the remaining 25% stake will be owned by SK, which worth around $1.51bn.
The order has been confirmed by GS in a separate regulatory filing.
