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Hyundai E&C drops $521m deal in Iran
Oct. 30, 2018
Source: Reuters

Hyundai E&C drops $521m deal in Iran

Hyundai Engineering & Construction yesterday informed through a regulatory filing about dropping the $521 million deal to construct a petrochemicals complex in Iran. The South Korean firm cited US sanctions on Iran as the reason. It said that the Iranian customer’s ability to fund the project had been hit by the outlook of sanctions against the Persian country.

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