KOGAS may Sell Stake in Akkas

By John Lee.

The Korea Gas Corporation (KOGAS) is among the state-owned Korean energy firm that have come under heavy pressure from the country’s new government to shed assets and pay off debt by 2017, reports Reuters.

Korea’s Yonhap news agency says that the company is considering selling a 49 percent stake in its fully-owned Akkas gas field, in Anbar province, for $287 million.

Under the proposals, KOGAS would retain operating control of the project.

(Source: Reuters)

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