Hyundai Heavy Gets $110 M order

Tuesday, August 24, 1999

South Korea's Hyundai Heavy Industries has reportedly won a $110 million order from France's Total to build an undersea pipeline in Iran. Hyundai officials said the order was won on a turnkey basis, and that it would complete the construction of the 212-km-long pipeline by April 2001. The pipeline would be used to transport crude oil from an oil field in Iran's South Pars.

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