{"id":3325,"date":"2023-06-26T10:12:01","date_gmt":"2023-06-26T08:12:01","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3325"},"modified":"2023-06-26T10:12:01","modified_gmt":"2023-06-26T08:12:01","slug":"south-koreas-hyundai-ec-signs-5-billion-contract-with-aramco","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3325","title":{"rendered":"South Korea&#8217;s Hyundai E&amp;C signs $5 billion contract with Aramco"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">South Korea&#8217;s government on Sunday said Hyundai Engineering &amp; Construction has signed a contract worth $5 billion with Saudi Arabian state oil producer Aramco to build a petrochemicals complex in the Middle Eastern nation.<\/p>\n<p>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.<\/p>\n<p>The deal with Aramco is important to South Korea as it affirms Saudi Arabia&#8217;s high level of trust in Korean companies and technologies, while opening up prospects for expanding political and economic cooperation between the two nations, experts say. <\/p>\n<p>Earlier in March 2023, Saudi Aramco&#8217;s new $7 billion Shaheen petrochemical project in Ulsan, South Korea also began construction. <\/p>\n<p>The Shaheen project, being built by South Korean refiner S-OIL Corp (63% owned by Aramco), is currently Saudi Arabia&#8217;s largest investment in South Korea.<\/p>\n<p>An example of adequate international cooperation<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>South Korea&#8217;s government on Sunday said Hyundai Engineering &amp; Construction has signed a contract worth $5 billion with Saudi Arabian state oil producer Aramco 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3325"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3326"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}