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Taneco Canceleds Refinery Contract in S. Korea

A Tatneft's subdivision cancelled a $400 million contract in S. Korea

South Korea's GS Engineering & Construction said on Thursday that Taneco, a unit of Russian oil firm Tatneft, had cancelled a $400 million refinery order.
The reasons of company's move are not clear, both Taneco and GS didn't commented on the situation yet.

Author: Ksenia Kochneva

Source : Reuters