JGC Group Wins Vietnam Refinery Contract, Nikkei Says

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A JGC Corp.-led group that includes Chiyoda Corp. and Technip SA won exclusive negotiating rights for a contract to build a refinery in Vietnam, the Nikkei newspaper reported without saying where it got the information.

The project is expected to cost more than $8 billion, including the construction of a harbor and other facilities, according to the report. The refinery will cost more than $5 billion, the Nikkei said.