IHI Wins Floating Oil Storage Unit Order From Chevron, Mitsui

IHI Corp. won an order worth more than 10 billion yen ($120 million) for a floating oil storage facility in the Gulf of Thailand from a joint venture between Chevron Corp. and Mitsui Oil Exploration Co. The Japanese heavy machinery

maker plans to build the unit at its Aichi factory and deliver it by March 2012, IHI spokesman Toyoshi Kodama said, confirming a report in the Nikkei newspaper.
Source: Bloomberg