South Korean STX Heavy Industries signs deal with Iraq

South Korean STX Heavy Industries signs deal with Iraq

Baghdad : Iraq | Feb 26, 2010 at 7:17 AM PST
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T-72 STX

Local media said on Thursday that STX South Korean Heavy Industry Company said it signed a preliminary deal for a $3.2 billion petrochemical project in Iraq. Unlisted STX Heavy, part of STX Group led by STX Corp, said in a statement it would build a petrochemical complex and related facilities in Basrah. However, officials in the company told Reuters that the company did not sign the memorandum of understanding yet.

Alsumaria is based in Baghdad, Bagdad, Iraq, and is a Stringer on Allvoices.
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