(EnergyAsia, December 28) — Korea’s Fair Trade Commission has approved the takeover of rival Inchon Oil by SK Corp, the country’s largest oil refiner. SK Corp had applied in September to buy over Inchon for 1.6 trillion won. (US$1=1,050 won). With the acquisition, SK Corp will boost its refining capacity to 1.11 million barrels/day…
KOREA: Anti-trust agency approves SK Corp takeover of refining rival Inchon Oil
Posted on December 28, 2005 by EnergyAsia