South Korea’s Samsung wins gas deal in UAE

Seoul, April 30: South Korea’s Samsung Engineering said Friday it had won a 1.5 billion dollar order from the United Arab Emirates to build a natural gas plant.

Under the deal signed with Abu Dhabi Gas Development Company, a unit of the national oil company, Samsung Enginering will complete the plant by August 2013 at the Shah gasfield.

Samsung Engineering, South Korea’s leading plant builder, said it has now received three orders worth a total of 5.4 billion dollars from Abu Dhabi National Oil Company over the past six months.

It won a 1.2-billion-dollar order to build a fertiliser plant last October and a 2.7-billion-dollar oil refinery order last November.