South Korea trumpets Hyundai E&C $5 bln contract with Aramco

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SEOUL, June 25 (Reuters) – South Korea’s government on Sunday said Hyundai Engineering & Construction (000720.KS) has signed a contract worth $5 billion with Saudi Arabian state oil producer Aramco (2222.SE) to build a petrochemicals complex in the Middle Eastern nation.

Land minister Won Hee-ryong, who attended a signing ceremony in Saudi Arabia, said the deal would expand energy cooperation between the two countries, the Ministry of Land, Infrastructure and Transport said in a statement.

Reporting by Ju-min Park; Editing by Christopher Cushing

Our Standards: The Thomson Reuters Trust Principles.

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