(EnergyAsia, January 23) — Korean Air Lines Co and its affiliate Hanjin Shipping Co have made a bid to buy a combined 28.4% stake in S-Oil Corp, the country’s third-largest oil refiner, as a long-term hedge against rising jet and bunker fuel prices. The buyers will need to raise between two and three trillion won…
KOREA: Airlines and shipping companies to buy 28.4% stake in S-Oil Corp refining company
Posted on January 23, 2007 by EnergyAsia