UPDATE 1-Five S.Korea firms win combined $7.2 bln in Kuwait refinery orders | Reuters:
"Five South Korean companies have won a combined $7.2 billion in orders from Kuwait National Petroleum Company to expand capacity and improve environmental standards at two oil refineries.
The contracts, which stem from $12 billion in bids approved in February for the state-run company's Clean Fuels Project, highlight efforts by South Korean builders to shore up margins via joint bids with other local or foreign firms for major overseas construction projects.
Korean companies are increasingly forming consortiums with established overseas companies and that is helping them to win better value contracts, said Yun Sok-mo, an analyst at Samsung Securities."
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