Hyundai Engineering to build oil refinery plant in Indonesia
Hyundai Engineering Co., a major industrial plant builder of the Republic of Korea, has won a 2.17 billion USD deal to upgrade a refinery plant in Indonesia.
Hyundai Engineering Co., a major industrial plant builder of the Republic of Korea, has won a 2.17 billion USD deal to upgrade a refinery plant in Indonesia (Photo: www.businesskorea.co.kr)
Jakarta (VNA) - Hyundai Engineering Co., amajor industrial plant builder of the Republic of Korea, has won a 2.17 billionUSD deal to upgrade a refinery plant in Indonesia.
Under the deal with Indonesia's state-run PT Pertamina, Hyundai Engineeringwill take part in Indonesia Balikpapan Refinery Development Project that aimsto revamp oil processing facilities in Balikpapan, East Kalimantan, some 1,000kilometres northeast of Jakarta.
Hyundai Engineering said it will be responsible for theengineering, procurement and construction for the facility upgrade, which willincrease the plant's oil-refining output from 260,000 barrels per day to360,000 barrels per day. The company under Hyundai Motor Group said it isexpected to take 53 months for the completion.
With the latest order, Hyundai Engineering said it has secured 4 billion USDworth of orders overseas. Earlier, italso won a 1.1-billion USD contract in Poland and another worth 534 million USDin the US./.
The Republic of Korea’s two leading auto manufacturers, Hyundai Motor Co. and Kia Motors Corp, have announced a target of selling a combined 7.6 million cars in 2019 and an additional 250 million USD in Grab, a ride-sharing company in Southeast Asia.
Hyundai Glovis, a logistics subsidiary of Hyundai Kia Automotive Group from the Republic of Korea, is expanding its overseas presence by opening its first Southeast Asian office in Vietnam.
The Indonesian Government is calling on enterprises of the Republic of Korea (RoK) to invest in the battery industry for electronic vehicles in the country, just weeks after Jakarta announced a ban on the export of nickel ore to develop its domestic processing industry.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Hyundai Engineering Co., a major industrial plant builder of the Republic of Korea, has won a 2.17 billion USD deal to upgrade a refinery plant in Indonesia (Photo: www.businesskorea.co.kr) 
