Hyundai Engineering & Construction Co. has clinched a 2.2 trillion-won deal to build a residue upgrading facility in the southern state of Basra.
It will break ground for the facility in January and or completion by July 2025.
The facility uses residue left after refining crude oil to produce such high-valued chemical products as propylene and gasoline.
Hyundai E&C recently bagged a 375 billion won deal with the Philippine government to build two station buildings and a 17 kilometer-long railway on elevated bridges as part of the Malolos to Clark Railway Project (PKGI) for the next four to five years.
The company reported a third-quarter net income of 83.8 billion won, down 61.6 percent from the previous year.


AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 



