Hyundai Engineering

Hyundai Signs 3 Bn Euro Deal For Iran Oil Project

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Hyundai has signed a deal worth three billion euros ($3.2 billion) to invest in a major Iranian oil project, the South Korean firm confirmed on Monday. Hyundai Engineering plans to invest 3.1 billion euros in the second phase of the Kangan oil production and refinery project in southwest Iran, it said in a statement. The … Read more

Kuwait Turns Silk Road Into A Massive Causeway

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Kuwait is building one of the world’s longest causeways to its remote north where it will pump billions into “Silk City”, aiming to revive the ancient Silk Road trade route. The oil-rich emirate is eager to inject life into the uninhabited Subbiya region on its northern tip that has been chosen as the location for … Read more