JUNE 1, 2018 / 11:31 AM / UPDATED 5 HOURS
AGO
South
Korea's Daelim industrial says $2.08 billion order from Iran canceled
·
SEOUL (Reuters) - South Korea’s Daelim
Industrial said on Friday that a contract worth 2.23 trillion won ($2.08
billion) for a refinery project in Iran was canceled.
The order was canceled as the Esfahan
Refinery Upgrading Project failed to procure financing because of economic
sanctions imposed on Iran, Daelim said in a regulatory filing.
Reporting by Haejin Choi; Editing by Vyas
Mohan
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