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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.
- Article from:
- WWP-Business Opportunities in Africa & the Middle East
- Article date:
- September 1, 2000
CopyrightCOPYRIGHT 2000 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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