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STX Heavy Industries wins $99.5m Iraq deal

Contract to build Garraf field pipeline to complete by December 2015

NEWS, Business

Korean engineering company STX Heavy Industries has announced its second major contract win in Iraq in as many weeks after picking up a $99.5m deal to build a new gas treatment facility.

The unit will be built at the Garraf Oil Field for the joint venture working on the field, Petronas Carigali Iraq Holding (PCIHBV).

STX said that the project is expected to run for 24 months and be complete by the end of November 2015.

Earlier this month, the company announced that it had secured a $449m order to build a 550km pipeline in the Akkas Gas field. That deal was awarded by Kogas Akkas, which is a unit of Korea Gas Corp and will complete by June 2017.

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