SK Engineering & Construction Co., a South Korean builder, said Monday it has won a US$260 million order for an oil refinery project in Ecuador.

Under the deal with Ecuador's state-run oil company, Petroecuador, SK will conduct a basic engineering study to build the oil refinery in Ecuador's coastal province of Manabi, the Korean builder said in a regulatory filing.

Petroecuador plans to build the oil refinery with a daily production capacity of 300,000 barrels for $12.5 billion, according to the Korean company.

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