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Sovereign Wealth Funds Briefing - Categorized | Investment

Korea National to buy Harvest Energy for $3.9 bln

Posted on 22 October 2009

From Bloomberg: Korea National Oil Corp. agreed to buy Canadian oil producer and refiner Harvest Energy Trust for C$4.1 billion ($3.9 billion) to secure supplies as South Korea competes with China and India for global energy resources.
South Korean state-run energy developers may team up with private companies including SK Energy Co. and the country’s $30 billion sovereign wealth fund to buy overseas oil and gas fields, the Ministery of Knowledge Economy said on Oct. 6……………………Full Article: Source


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