Article: ANGOLA: JOINT VENTURE CONSTRUCTION PLANS FOR PROPOSED $4,400,000,000 OIL REFINERY AND ASSOCIATED DEVELOPMENT AND STORAGE FACILITIES, SAMSUNG CORP., SAMSUNG HEAVY INDUSTRIES & SK CONSTRUCTION [SOUTH KOREA] - Order #: 090100.

PROJECT OVERVIEW:

Angola is currently pursuing industrial development based on its rich natural resources hence, SAMSUNG CORP. of South Korea is of the opinion that its market potential is very big. As a result, SAMSUNG recently revealed that it intended to participate in development projects in the country that are valued at some $4,400,000,000. The company thus expects that its Angolan projects will give it a foothold for further advance into other African nations.

According to Hyun Myung-kwan, SAMSUNG Vice-President, his company will promote the construction of an oil refinery and offshore oil development and storage facilities. In so doing, ...

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