Samsung Engineering wins US$2.6 bln order from Algeria

SEOUL, July 5 (Yonhap) -- Samsung Engineering Co., South Korea's top engineering
company, said Sunday it has won an order worth US$2.6 billion to renovate an oil
refinery in Algeria.
Samsung Engineering signed a formal contract on the deal with Algeria's state-run
oil company Sonatrach on Saturday, the South Korean company said in a statement.
The contract calls for Samsung Engineering to upgrade facilities at the Skikda
refinery over the next three years.
It is the single-biggest contract Samsung has received, the company said.
"The contract also brightens the prospects for winning more orders from
Sonatrach," Samsung Engineering chief executive officer Jeong Yeon-ju said.
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