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[Alpha Biz= Kim Jisun] |
[Alpha Biz= Kim Jisun] Seoul, September 15, 2025 — Hyundai Engineering & Construction (Hyundai E&C) announced on the 15th that it has signed a contract worth $3.16 billion (approximately KRW 4.39 trillion) to build a large-scale seawater supply facility (WIP Project) in Iraq. The signing ceremony took place on September 14 (local time) at the Iraqi Prime Minister’s Office.
Attendees at the signing ceremony included:
H.E. Muhammad Shia' Al-Sudani, Prime Minister of Iraq
H.E. Hayan Abdul Ghani, Minister of Oil of Iraq
H.E. Saad Sherida Al Kaabi, Minister of Energy of Qatar
Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies
Mr. Ryu Sung-an, Head of Plant Business Division, Hyundai E&C
along with other key stakeholders.
The WIP Project is a core component of Iraq’s integrated gas development initiative, which encompasses natural gas, oil, solar power, and seawater treatment. Under this project, Hyundai E&C will construct a seawater treatment plant near the Khor Al-Zubair Port, approximately 500 kilometers southeast of Baghdad. Once completed, the facility will be capable of producing up to 5 million barrels of water per day.
The treated water will be supplied to major Iraqi oil fields, including West Qurna and Rumaila in southern Basra, to support enhanced crude oil production.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
