Core Points - Hyundai Engineering & Construction (Hyundai E&C) has secured a contract worth Won4.39 trillion ($3.16 billion) to construct a seawater treatment plant in Iraq [1][2] - The project is part of the Common Seawater Supply Project aimed at enhancing crude oil production in Iraq's southern oil fields by injecting seawater into oil reservoirs [1] - The facility will have a daily processing capacity of five million barrels and will be located at Khor Al Zubair Port, approximately 500 km southeast of Baghdad [1][2] Investment and Collaboration - The freshwater generated from the plant will be directed to nearby oil fields, including West Qurna and Rumaila [2] - This initiative involves joint investment from TotalEnergies (France), QatarEnergy LNG, and Iraq's Basra Oil Company [2] - Hyundai E&C anticipates that the construction will be completed within 49 months [2] Historical Context and Future Projects - This contract represents Hyundai E&C's most significant project in Iraq, following the completion of a $6 billion oil refinery in Karbala in 2023 [2] - Hyundai E&C has a history of executing major national projects in Iraq, contributing to economic growth despite challenges such as wars and Covid-19 [3] - In 2023, Hyundai E&C and Hyundai Engineering commenced construction of one of the world's largest petrochemical facilities in Ulsan, South Korea, with completion expected in 2026 [3]