Korea, China locking horns in Canada
State-run Korea National Oil Corp. scoops up Canadian assets of Hunt Oil; is 2/3 of way toward goal of 300,000 boe per day by 2012
For Petroleum News
South Korea is throwing out a stiff challenge to China in the Asian tussle for petroleum assets in Canada.
Cash-laden Korea National Oil Corp. has rounded up all of Hunt Oil of Canada’s producing and undeveloped assets for C$525 million, moving it 11,720 barrels of oil equivalent per day closer to i....
[additional news subjects in this story]
Price could rise
Hunt not leaving Canada
Korea Gas investing with Encana
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