Saudi Arabia has signed a $431 million contract with Samsung Engineering Co. to build a refinery plant that will produce more eco-friendly fuel at Ras Tanura, the Arab News reported today.

The new refinery will be a diesel hydro-desulfurization (HDS) plant that will be able to process 100,000 barrels of diesel per day. It is expected to be completed by June 2010.

It is the first time Saudi Aramco has awarded such a project to the South Korean company. Samsung is currently involved in eight megaprojects in Saudi Arabia, including the construction of the world’s largest ammonia plant for the Saudi Arabian Mining Company (Maaden).

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