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Tue 17 Mar 2009 10:45 AM

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Hyundai Engineering unaware of cancelled Kuwaiti refinery

Kuwait gov't fails to inform three companies building fourth refinery of project's demise.

The Kuwait government failed to inform three high-profile engineering companies awarded contracts to build its fourth oil refinery of the project’s collapse earlier this week, it was revealed on Tuesday.

Hyundai Engineering & Construction Co., GS Engineering & Construction Corp. and Daelim Industrial Co won the contracts in May last year to build the Al Watan refinery that was cancelled on March 15 this year.

On Tuesday the three said they would not be making any comment on the project’s demise until separate regulatory filings were issued in Seoul, South Korea, later in the day, according to Bloomberg news agency. A fourth unlisted company in South Korea, SK Engineering & Construction Co., also revealed it had not been informed of the cancellation, confirmed company spokesman Park Seong Un.

Controversy also surrounded the awarding of the contracts when opposition lawmakers in Kuwait claimed former oil minister Mohammed Al Olaim had failed to go through the Central Tenders Committee, as per the law, when issuing the contracts.

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