- AFP (File Photo)

SEOUL, Nov 1, 2012  - South Korea's Samsung Engineering said Thursday it had won a $2.48 billion order to build plants in Abu Dhabi.

Under the deal signed Wednesday with the state-owned Abu Dhabi Oil Refining Co., a subsidiary of Abu Dhabi National Oil Company (ADNOC), Samsung will build a carbon black unit and a delayed coker unit in Ruwais, west of Abu Dhabi, by January 2016.

Carbon black is used as a pigment and reinforcement material for auto tyres, while delayed coker is used in oil refineries.

When completed, the facilities will be able to produce 40,000 tons of carbon black per year and process 30,000 barrels of crude oil a day, Samsung Engineering said.

The company, one of South Korea's leading industrial plant builders, said it has now won a total of eight orders worth $9.1 billion from ADNOC over the past five years.

Opinion

Editorial

Slow start
Updated 15 Jun, 2024

Slow start

Despite high attendance, the NA managed to pass only a single money bill during this period.
Sindh lawlessness
Updated 15 Jun, 2024

Sindh lawlessness

A recently released report describes the law and order situation in Karachi as “worryingly poor”.
Punjab budget
15 Jun, 2024

Punjab budget

PUNJAB’S budget for 2024-25 provides much fodder to those who believe that the increased provincial share from the...
Budget and politics
Updated 14 Jun, 2024

Budget and politics

PML-N, scared of taking bold steps lest it loses whatever little public support it has, has left its traditional support — traders — virtually untouched.
New talks?
14 Jun, 2024

New talks?

WILL this prove another false start, or may we expect a more sincere effort this time? Reference is made to the...
A non-starter
14 Jun, 2024

A non-starter

WHILE the UN Security Council had earlier this week adopted a US-backed resolution calling for a ceasefire in Gaza...