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South Korean Corp Goes to Romania

Diversity of Korean Corps displayed once again....

South Korean Corp Goes to Romania

South Korea's LG International Corp. announced it had secured a $150 million order to build a refinery plant from SNP PETROM S.A. in Romania in a consortium with SK Engineering & Construction Co.

The plant, which will be completed at Pitesti near Bucharest, Romania's capital, in 21 months starting from April, would be designed to desulfurize 24,000 barrels a day, said the trading arm of LG Group, the second-largest conglomerate in South Korea, said.

It is the first time for a domestic company to construct a refinery plant in Romania, the company said.

The European Bank for Reconstruction and Development will support the plant construction.




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