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Hyundai Engineering wins $727mn deal from Saudi Aramco

  Reuters Hyundai Engineering and Construction signed a contract to build a project for Saudi Aramco’s Uthmaniyah plant for 833.10 billion won ($727 million), the South Korean company said. Hyundai expects the contract to be completed by Nov. 26 2019, it said in a statement. Sources told Reuters on Thursday that Hyundai had won the deal after offering discounts to ...

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Angolan state oil company Sonangol mirrors nation’s troubles

  Luanda / AFP Angolan state-owned oil company Sonangol rode the commodities boom that drove the country’s extraordinary growth after civil war ended in 2002, but today it symbolises a national economic crisis. The Luanda-based company has increasingly been in focus since Isabel dos Santos, the billionaire daughter of long-time President Jose Eduardo dos Santos, was appointed CEO in June. ...

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Iraqi militiamen battle IS southwest of Mosul

  Qayyarah / AFP Iraqi paramilitary forces battled the IS group southwest of Mosul on Sunday, the second day of an operation to cut extremist supply lines between the city and neighbouring Syria. Tens of thousands of Iraqi troops and Kurdish peshmerga fighters have been advancing on Mosul from the north, east and south after the launch on October 17 of ...

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