AFP reported that South Korea’s Samsung Engineering Company had signed USD 2.76 billion deal to build a natural gas liquid complex in eastern Saudi Arabia.

Under the deal signed with Saudi Arabia’s state run oil company, Aramco, Samsung Engineering will complete the complex in Shaybah oil and gas field by June 2014. The plant will produce 750,000 barrels of crude oil and more than 200,000 barrels of natural gas liquids a day.

Samsung Engineering has now secured 5 projects worth a total of USD 5 billion including a power plant project in Wasit 50 kilometers north of the industrial city of Jubail.

(Sourced from www.khaleejtimes.com)