Hyundai to sign 6 billion USD oil refinery contract with Karbala government

Karbala (IraqiNews.com) The Local Government in Karbala province revealed that the next week will witness concluding of a contract with a Korean company to implement Karbala oil refinery project.

The Second Deputy Governor of Karbala, Ali al-Mayali, mentioned to the correspondent of IraqiNews.com on Tuesday ”The Ministry of Oil will sign the contract with the Korean company, Hyundai, next week.”

”The gross cost of the project reaches USD six billions within 54 months,” he added, noting that ”The project will provide about two to three thousand job opportunities for the province.”