Korea National Oil puts Canada on its radar

Business | 206733 hits | Jan 25 6:21 am | Posted by: stemmer

Korea National Oil Corp. (KNOC), sitting on a multi-billion-dollar warchest, is setting its sights on Canada as the state-owned company aims to ramp up production and catch up to Asian rivals. Seoul said this month that cashed-up KNOC will spend $6.5-b

Comments

by bootlegga
Mon Jan 25, 2010 6:54 pm
No problem, we've got lots to sell now that the Yanks don't want it! Can we borrow a few billion to build a pipeline?
by uwish
Mon Jan 25, 2010 7:11 pm
you would be surprised all the foreign investment the oil patch is getting from some very non-traditional countries as well.
by OldChum
Tue Jan 26, 2010 2:40 am
To bad we are not keeping it in our hands and under our control , when you give to much you lose control of the it . What happens when the oil runs out they all leave and we have diddle . We should be putting more into alternatives, and stop the world reliance on oil.
by poquas
Tue Jan 26, 2010 3:06 am
OMG Stemmer! The Koreans now???

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