Keppel Signs Joint Venture Deal To Develop US$386 Million Shipyard

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SINGAPORE -(Dow Jones)- Singapore rig builder Keppel Corp. Ltd (KPELY, BN4.SG ) Friday said it will sign a joint venture agreement with State Oil Company of Azerbaijan Republic and Azerbaijan Investment Company (AIC) to develop and manage a US$386 million 52 hectare shipbuilding facility in Baku. Full Story