By John Lee.
The Korea Gas Corporation (KOGAS), the state-run South Korean gas company, is to invest $4.9 billion (5.7 trillion Iraqi dinars) to develop the Zubair oilfield.
In a stock exchange filing, the company said this investment is part of the total $19.4 billion capital expenditure required for the project, and added that it had invested $370 million in the first half of 2015.
KOGAS is developing the field together with Eni and Occidental.
(Source: Reuters)
(Picture: Seung-hoon Lee, CEO of KOGAS)
DTN Iraq: KOGAS to Invest $4.9bn in Zubair: By John Lee. The Korea Gas Corporation (KOGAS), the state-run Sout... http://t.co/Fxhqn7dI8G
KOGAS to Invest $4.9bn in Zubair: By John Lee. The Korea Gas Corporation (KOGAS), the state-run South Ko... http://t.co/kZyaYv328R #Iraq
KOGAS to Invest $4.9bn in Zubair: By John Lee. The Korea Gas Corporation (KOGAS), the state-run South Korean g... http://t.co/9G58dj9RG3
KOGAS to Invest $4.9bn in Zubair http://t.co/MeKq3YQUx8 #iraq
KOGAS to Invest $4.9bn in Zubair: By John Lee. The Korea Gas Corporation (KOGAS), the state-run South Korean g... http://t.co/NhyLPzCp7U
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