Published May 20th, 2009
Trading companies accelerate overseas resources exploration
Korea’s major trading companies are accelerating moves to develop natural resources overseas, industry sources said yesterday.
Daewoo International Corp. plans to start building facilities for gas offshore blocks A-1 and A-3 in Myanmar as early as October, company officials said. The company aims to receive approval from the Myanmar government by October to commercialize the gas field.
Company officials said the construction will involve building basic platforms and a 980-kilometer long pipeline from Myanmar to China.
Last June, Daewoo International agreed with China National Petroleum Corp., China’s largest oil company, to sell gas the from the Myanmar field to CNPC. (more…)
