SEOUL/NEW YORK South Korean state oil company Korea National Oil Corp is in talks to join a private equity-led consortium that has agreed to buy El Paso Corp's oil and natural gas assets for $7.15 billion, a source with direct knowledge of the matter said on Monday.
TOKYO/SEOUL Japan, South Korea and global ship insurers are lobbying EU officials to revise planned sanctions against Iran to allow Europe's insurance market to continue to cover Iranian oil shipments to Asia, government and industry sources said.
SEOUL, March 16 Korea Resources Corp
(KORES) said on Friday that it will invest at least
600 billion won ($532.01 million) this year for overseas
resource development, and it is looking into acquiring stakes in
bituminous coal mines in Indonesia and North America this year.
SEOUL, March 12 The leader of the main
South Korean opposition party pledged on Monday to scale back
ambitious plans to build more nuclear power plants if it wins
elections this year, saying Japan's Fukushima crisis had sent
mankind a "shocking warning".
KUALA LUMPUR, Feb 8 Malaysia has halted
palm oil exports to Iran because of payments problems and Asian
oil buyers have cut crude purchases as Western sanctions tighten
a financial noose around Iran.
SEOUL, Jan 9 U.S. crude oil futures fell
in early Asian trade on Monday as a stronger U.S. dollar made
the dollar-denominated asset costlier, but the fall was capped
by supply concerns after Iran's threat to shut a key