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$100 Million Oil Agreement

$100 Million Oil Agreement
Daewoo Shipbuilding & Marine Engineering Co. said its venture in Nigeria signed a one-year agreement to ship oil for Nigerian National Petroleum Corp. worth $100 million. The venture will ship 260,000 tons of oil a month.

Daewoo Ship's Nigeria Venture Signs $100 Million Oil Agreement.

Daewoo Shipbuilding & Marine Engineering Co. said its venture in Nigeria signed a one-year agreement to ship oil for Nigerian National Petroleum Corp. worth $100 million. The venture will ship 260,000 tons of oil a month, the Seoul-based company said in an e-mailed statement today.

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