Kuwait, the fourth-largest oil producer in the Organization of Petroleum Exporting Countries, awarded contracts to build a $15 billion refinery to four South Korean construction companies and Flour Corp.

GS Engineering & Construction Corp., SK Engineering & Construction Co., Daelim Industrial Co. and Hyundai Engineering & Construction Co. were chosen by Kuwait National Petroleum Co. to build the 615,000 barrel-a-day Al-Zour oil refinery, KNPC spokesman Mohammed Al Ajmi said by telephone today from Kuwait. Fluor, based in Irving, Texas, was awarded a consultancy contract for the project, he said.

"We selected the winners based on technical and commercial aspects," Ajmi said. ... Read full article