DL E&C Signs Mid-Term Contract for 300 Billion KRW Russian Oil Refinery Project
[Asia Economy Reporter Ji Yeon-jin] DL E&C announced on the 12th that it has signed an Interim Agreement for the modernization project of the Moscow Refinery ordered by the Russian oil company JSC Gazpromneft - Moscow Refinery.
The announcement pertains to the construction of a hydrocracking plant at the Moscow Refinery located in the southeastern part of Moscow, Russia, with a contract amount of 327.1 billion KRW (based on the exchange rate at the initial announcement on March 9).
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DL E&C will be responsible for the design and procurement services of this project, while its subsidiary, the local Russian corporation Daelim RUS LLC, will handle procurement and construction supervision. The company stated, "The recent sales figures correspond to the construction business division of Daelim Industrial Co., Ltd. before the company split, based on the consolidated sales of the most recent fiscal year." Daelim Industrial established DL E&C by splitting off its construction business division on January 4.
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