Barter On The Big Stage - Ships For
The Brazilian government has suggested a barter deal to South
Korea�s major shipbuilders and the state-run oil developer KNOC
(Korea National Oil Corp).
The arrangement essentially has Korea, the world�s largest
shipbuilders, providing Brazil with drill ships or floating
production, storage, and offloading platforms in return for stakes
in its oil fields in the Santos area, which KNOC would manage.
The barter plan was proposed by the South American nation when the
two countries held summit talks in Brazil this past November.