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November 1, 2018       Share:    

Source: https://www.reuters.com/article/us-hyundaie-c-iran/south-koreas-hyundai-ec-cancels-521-million-petrochemicals-deal-cites-iran-financing-failure-idUSKCN1N30U9

South Korea's Hyundai Cancels $521 Million Petrochemicals Deal in Iran

(Reuters) South Korea's Hyundai Engineering & Construction said on Monday that it scrapped a $521 million deal to build a petrochemical complex in Iran, saying the Iranian customer's ability to fund it had been hit by the prospect of U.S. economic sanctions against Tehran.

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