KNOC Earmarks Cash for New Overseas Deals

Summary
Following several successful forays into the asset market in 2009, state Korea National Oil Corp. is looking to push on this year with further overseas acquisitions. The company has a $7.4 billion war chest, of which $6.5 billion has been earmarked for the purchase of international producers with output of 50,000-100,000 boe/d.

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