Iran refinery upgrade deal

South Korea's Daelim Industrial Corporation and Germany's Udhe Company and Lurgi Company have won a US $1.8 billion (IRR16.6 trillion) project to upgrade a refinery in Iran.

South Korea's Daelim Industrial Corporation and Germany's Udhe Company and Lurgi Company have won a US $1.8 billion (IRR16.6 trillion) project to upgrade a refinery in Iran.

The consortium will upgrade the refinery in the Esfahan region of the Middle Eastern country for National Iranian Oil Engineering and Construction Company, Daelim Industrial Corporation said in a statement.

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