Samsung Engineering signed a formal contract on the deal with Algeria's state-run oil company Sonatrach on Saturday, the South Korean company said in a statement.
The contract calls for Samsung Engineering to upgrade facilities at the Skikda refinery over the next three years.
It is the single-biggest contract Samsung has received, the company said.
"The contract also brightens the prospects for winning more orders from Sonatrach," Samsung Engineering chief executive officer Jeong Yeon-ju said.
(Yonhap) rw

More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index