Peak Oil - Not If but When Message Board

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Gold/Mining/Energy : Peak Oil - Not If but When

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From: veritas501	1/3/2010 8:47:13 PM
	of 129

The South Koreans are buying not only Canadian oil but also Kazakhstan oil: Korea Buys Oil Fields in Kazakhstan Korea National Oil Corp. (KNOC) has secured two oil fields in Kazakhstan by buying a stake in a Kazakh enterprise. The Ministry of Knowledge Economy on Tuesday said KNOC completed the purchase of Kazakh oil developer Sumbe, which owns two oil fields in western Kazakhstan, on Monday after acquiring shares on Friday and is now awaiting the Kazakh government's approval. KNOC bought an 85 percent stake in Sumbe. --------------------------------------------- Denmark (population: 5 million), which produces oil from the North Sea not only for domestic consumption but for export as well, has bought oil assets located in the Gulf of Mexico from Devon. Denmark's oil exports fell 14% in 2008.

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