Daelim

We conclude the list this year with the profile of another promising South Korean contractor. Daelim in Q1 2017 announced that it has received a letter of award (LOA) from Iran’s Esfahan Oil Refining Co (EORC) to improve oil refinery facilities. The deal, which is worth about $2bn, requires adding facilities that will be used to produce high value-added products to the oil refinery in Isfahan, located 400km south of Tehran. Under the deal, Daelim will be in charge of design, equipment and material procurement, construction and financing. Construction of the project will take 48 months after groundbreaking, Daelim estimates.