Tag Archives | Daewoo

Iran “in Talks” to Purchase Daewoo Appliances

Entekhab Industrial Group, Iran’s largest home appliances maker, appears likely to buy South Korean appliance manufacturer Dongbu Daewoo Electronics, a report said. NH Investment & Securities Co., the South Korean lead manager, has been in talks with Entekhab’s consortium with the aim of signing a stock purchase agreement by the end of this month, they […]

Daewoo to set up Iranian Shipbuilding Company

By John Lee. The Industrial Development and Renovation Organization of Iran (IDRO) and Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) have signed Heads of Agreement (HoA) to set up a Joint Venture to develop an Iranian shipyard. The Iranian government has said it will strongly support this business cooperation, and requests the Korean Government […]

Iran Approves 29 Int’l Companies for Oil Projects

Iran’s oil ministry has certified 29 international companies to bid for oil and gas projects in the country under its new format of oil contracts. According to the report by the oil ministry’s news website Shana, 29 companies, including Shell, France’s Total, Italy’s Eni, Malaysia’s Petronas and Russia’s Gazprom and Lukoil, as well as companies […]

Daewoo signs Power Plant Deal in Iran

By John Lee. South Korea’s Daewoo Engineering & Construction has signed a contract to build a 500-megawatt (MW) combined-cycle power plant in Iran’s southeastern city of Kerman. The estimated value is some $500 million. Under the deal with Iranian investment firm Omid, Daewoo E&C will team with the state-run Korea Western Power and Gohar Energy […]

Daewoo signs MOU to build Iran Refinery

South Korea’s Daewoo Engineering and Construction has announced that it has signed a memorandum of understanding with Iranian energy company Bahman Geno to build an oil refinery in Iran. The Chemcial Engineer reports that the tentative US$10-billion deal will see the companies promise to cooperate to build a 300,000 bbl/d capacity refinery in Bandar Jask, […]