May 11 report in Seoul, South Korea said here today that the Department of Energy, South Korea plans to set up a 1 trillion won (809.7 million U.S. dollars) to the energy resources of the Fund to obtain energy resources from overseas, from overseas, including access to energy resources from minerals to oil and gas fields.
South Korea Department of Energy said in a statement, the Korean efforts to improve energy self-sufficiency rate of energy resources as part of plans to fund state-run Korea National Oil Corporation of Korea (KNOC) and Korea Resources Corporation (KORES) where to raise the early ₩ 110,000,000,000 before investment, as well as from the private fund to attract investment ₩ 890,000,000,000.
Korea National Oil Company are the leading Korean companies in search of crude oil and natural gas overseas, and Korea Resources Corporation for the overseas including a variety of minerals including coal.
South Korea said the Department of Energy, energy resources, funds will be used to purchase shares of overseas energy projects in the oil fields currently under production, as well as the acquisition of foreign access to shares of energy companies.
Source: www.in-en.com May. 12, 2009
