S. Korean company inks €8.6b oil, transport MOAs in Iran
Following the lifting of sanctions on Iran, Korean businesses are advancing into the country looking for new opportunities. Among Korea's leading conglomerates entering the market, Samwoo Engineering and Construction (E&C) is in the spotlight as the mid-tier construction company signed a memorandum of agreement (MOA) for a plant construction project worth 5 billion euros. Samwoo E&C said that it signed an MOA regarding construction of a petroleum refining facility at Zilaee in Iran, a 5 billion euro project led by Masjed-Soleyman ...
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