SK and Shaw Group Awarded Petchems Contract in Egypt

SK Engineering & Construction (Seoul) and Shaw Group have been awarded a contract by Carbon Holdings (Cairo) to build a previously announced petrochemicals complex at Ain Sokhna, Egypt. The joint deal is worth $3.5 billion. The complex is expected onstream in 2016. Shaw’s Stone & Webster unit, one of the major suppliers of ethylene technology, will provide the process for the complex’s steam...

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