The three-year contract, estimated to be worth more than $400 million, was awarded by the Sakhalin Oil and Gas Development Company, an international group operated by an Exxon Mobil unit.
Jiangsu Shagang, Maanshan Iron and Steel, Tanshan Iron and Steel and Wuhan Iron and Steel agreed in March to buy 12 million metric tons of iron ore from BHP Billiton for the next 25 years, a contract estimated to be worth $9 billion.
The contract is estimated at $1.22 billion.
Total billings over the term of the contract were estimated at $320 million.
A United spokeswoman, Jean Medina, declined to reveal the value of the contract or estimate the dollar amount of the savings, which the carrier said would be 20percentto30percentcent.
And in September the contract regulator estimated that the price of the work due to be carried out between 2010 and 2017 by Tube Lines, the remaining contractor, was £1.4 billion more than TfL had thought.These budget worries are causing headaches.
The contract is estimated to be worth between £300m and £450m, based on overall spend over the deal's lifetime.
The 5-year duration of the contract was estimated in the programme agreement as ?the minimal time required for a researcher to produce scientific results and to get his or her group consolidated in the Spanish scientific system.? The positions are currently advertised on the CNIO Web site and in major international journals as well as in Spanish and foreign research centres.
The two companies beat out Pratt & Whitney, part of the United Technologies Corporation, for a contract estimated to be worth as much as $40 billion over 25 years.
