(EnergyAsia, July 26) — South Korea’s state planners are looking to set up a special fund next year to acquire overseas oil fields and oil companies as a part of a long-term plan to ensure energy security, according to Korean news media reports (US$1=1,050 won). The reports said the fund, initially worth 5 trillion…
SOUTH KOREA: Seoul may set up fund to buy overseas oil assets, resources
Posted on July 26, 2005 by EnergyAsia