Tag Archives: South Korean company

MNA Business Desk: Bangladesh has signed a deal with the South Korean company Posco Daewoo Corporation for the exploration of mineral resources in the deep seas. The two sides signed the agreement for DS Block-12 on Tuesday at the Petrobangla head office in Dhaka. According to the deal, Daewoo will have to sell 60-85% of the gas produced from DS 12 at $6.50 per 1000 cubic feet, and 65-90% of the oil produced from the block in accordance with the model product-sharing contract pricing formula and international market price at the time when the oil will be sold. Daewoo is ...

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