SEOUL, Sept. 15 (UPI) -- South Korea's Hyundai Engineering & Construction said Monday that it received a $3 billion order to build a mega-sized seawater treatment plant in Iraq.
It is a Water Infrastructure Project, Iraq's state initiative aimed at constructing a seawater treatment facility at Khor Al-Zubair Port about 310 miles southeast of Baghdad.
Hyundai E&C noted that the plant would supply up to 5 million barrels of water every day to major oil fields in southern Iraq, including West Qurna and Rumaila, to enhance crude oil output.
The Seoul-based contractor will break ground on the project this November, with the goal of completing construction by the end of 2029.
Iraq, which derives more than 90% of its national revenue from oil exports, is seeking to nearly double daily production to 8 million barrels from 4.2 billion by 2030, according to Hyundai E&C.
