Page 18 - Daewoo Engineering News Today

Monday, 12 April, 2021 - 08:45 Iraqi Prime Minister, Mustafa al-Kadhimi laying the foundation stone for the Faw megaproject in Basra (AFP) Baghdad - Fadhel al-Nashmi Iraqi Prime Minister Mustafa al-Kadhimi inaugurated Sunday the grand Faw port in the oil-rich southern province of Basra, which contributes to the country’s financial budget. Speaking at the ceremony in Basra, Kadhimi asserted that the grand Faw project is not only...

The long-awaited project is intended to create a shorter overland transportation corridor by rail, bypassing the Suez Canal

Business & Human Rights Resource Centre Featured pages Featured pages Update Featured pages Featured pages Story Philippines: Civil society condemns Panay massacre of Indigenous leaders resisting Jalaur Mega Dam; bank financing the dam responds Jalaur River On December 30, 2020, Filipino police officers raided Indigenous villages within a military reservation camp in the central Philippines in search of alleged members of the outlawed New Peopleâ...

Deaths from industrial disasters Time to rectify large companies neglect of workplace safety Last Monday, another worker died in an industrial accident at POSCOs Pohang Steel Works. The worker, an employee at one of POSCOs partner companies, got stuck while a piece of heavy machinery was being changed at a raw material dock. It was the second death at the nations largest steelmaker in little more than a month. On Dec. 9, a similar industrial accident occurred there, taking the life of an empl...

Hana Banks W200 bil. coal investment in Indonesia violates IFCs green principles By Lee Kyung-min Hana Financial Group is coming under mounting criticism for making a hefty investment in coal power plants in Indonesia, financed by its flagship affiliate, Hana Bank. Hana is the only one among Koreas top five financial groups that has yet to renounce investing in fossil fuels. According to Solutions for Our Climate, a Seoul-based climate change advocacy group, Recourse, its Amsterdam-based non-p...

Refinery News Roundup: New Refineries To Increase Middle East Product Sales Middle East oil product sales could reach 8 million-9 million b/d by 2023 as new refineries open up in the UAE, Saudi Arabia, Iraq and Oman, Glander International Bunkering senior sourcer Sean Burgin said. “This additional volume could boost business in Fujairah, complementing bunker demand plus storage and trade activities,” Burgin told the Petrospot Middle East Bunkering Convention held online Jan. 26. Refining ca...

Share it Editor’s note: This story is part of a series on the trends that will shape the industry in 2021. You can find all the articles on our trendline. With a new year comes a new round of project completions, or at least project milestones. From airports to office buildings, the focus in 2021 will encompass a wide variety of construction undertakings as contractors fight to overcome the economic uncertainties brought on by the coronavirus pandemic. While many large American projects are o...

2 Min Read BASRA, Iraq (Reuters) -Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday. The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal. Under the c...

ISHM: December 24, 2020 - January 7, 2021 Format Key Takeaways: Kadhimi Says Government Ready For Showdown As Militias Issue Brazen Threats; Parliament To Discuss 2021 Budget On Saturday; Fatah Calls For Removing U.S. Forces – On December 25, PM Kadhimi warned “outlaw” militias that his government was “ready for a decisive confrontation if necessary” while stressing that he had called for de-escalation after a tense standoff in Baghdad. Kadhimi’s Defense Minister warned that a conti...

Friday, 1 January, 2021 - 06:00 Iraqs director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Koreas Daewoo Engineering & Construction, to construct the Grand Faw port, in Baghdad, Iraq, Dec. 30, 2020. (Reuters) Baghdad – Fadhel al-Nashmi Iraq’s signing on Wednesday of a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction to build the first phase at its planned ...