SK E&C

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"SK Engineering & Construction (E&C) has bagged a 4.1 trillion won ($3.6 billion) contract to build and operate new power plants in Iran. According to an SK E&C official, Sunday, the construction firm purchased a 30 percent stake in UNIT International, Turkey's energy giant. Under the deal, SK E&C is expected to participate in the Turkish firm's ongoing project to build and operate five new gas-fired power plants in Iran. SK E&C will build and operate five new power plants in five locations throughout the country, Iran's largest private energy project ever to produce a combined generation capacity of 5,000 megawatts. "The project is monumental," Land, Infrastructure and Transport Minister Kang Ho-in said." (Korean Times, "SK E&C Clinches 4.1 Trillion Won Project In Iran," 3/19/2017). (http://r20.rs6.net/tn.jsp?f=001gY5TMjtokLOq4T-usYoDEDMRabI--RL9eDi8UVguE1wPAaB6zUEeBk1_Iv7LL0yG2DhfvO3Rn3u37RspEiMwxeE4nzKeoGTlPQIjE5bDxw3zRaY0DxrMy1xGq44zom5_d9suxUHmAqp4QFBzeCpiH1bjHDPn65SlazuQ6JObthmKI0dX0fTIllu8Qaadg68yTfRoRCEFhPS4dsLXWEdCU02XFmBo7-XKLqniCFUpRH8=&c=0iTsnR4578OUmiex8gyLazqyiBH1Led340iaoK5Jez1jbfl1ridqqg==&ch=Bputx12yuSrRejpFATzKuQsp2o2C6t2zE9YZCv_qzLJMYOEKGtuKwA==)

"South Korea’s SK Engineering & Construction Co. has signed a contract to launch a feasibility study for a $20 million modernization project for Iran’s Parsian Oil & Gas Development Group Co. (POGD). Under the non-binding agreement, SK will first explore business prospects on the project of refurbishing facilities of Tabriz Oil Refining Co., an affiliate of POGD, in Tabriz, a northwestern city of Iran. The work includes upgrades to desulfurization equipment worth $20 million and other gasoline manufacturing facilities, said an official of the company. The study will take about six months." (Tehran Times, “SK Engineering tapped to renovate oil refining facility in Iran,” 6/5/2016) (http://www.tehrantimes.com/news/403118/SK-Engineering-tapped-to-renovate-oil-refining-facility-in-Iran)

Halted work on a $1.88 billion contract to upgrade an oil refinery in Tabriz. ("Sinopec persists with Iran refinery upgrade," Argus Media, September 20, 2018.)

As of December 2020, Rhode Island continues to list SK E&C as having active investment in Iran's energy sector of at least greater than $20-50 million. (http://data.treasury.ri.gov/dataset/c56b9795-4c0b-4749-80a8-78418efc1492/resource/9d4e0eae-3bb0-4ed2-977a-db21ad57ea96/download/RhodeIslandIranContract2020.xlsx)

"South Korea’s SK Engineering & Construction said on Sunday it had signed a deal with Iran’s Tabriz Oil Refining Company worth $1.6 billion to renovate the Iranian company’s refinery facility. SK E&C said in a statement that the project involves upgrading Tabriz Oil Refining Company’s 110,000-barrels-per-day refinery, which opened in 1976 and is located in the northwest of Tehran." (August 6, 2017). (https://www.reuters.com/article/us-sk-e-c-iran-idUSKBN1AM076)