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Updated Wednesday, March 10, 2010 11:09 am TWN, AFP

Samsung Heavy wins Royal Dutch Shell deal

SEOUL -- South Korea's Samsung Heavy Industries said Tuesday it has won a contract to build a floating gas platform for Royal Dutch Shell worth an estimated four to five billion dollars. The country's leading shipyard said in a statement the LNG-FPSO (Liquefied Natural Gas-Floating Production Storage and Offloading) unit would be delivered by 2016 under the contract due to be signed in Paris on Tuesday.

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