SK Group Announces Investment to Double Crude Oil Reserves By 2015
Posted on: Thursday, 28 August 2008, 09:01 CDT
South Korean conglomerate SK Group has announced plans to invest $7.86 billion to double its crude oil reserves around the world by 2015, reported Reuters.
SK Group, which owns refiner SK Energy, is seeking to secure around one billion barrels of crude oil by 2015, from the 510 million barrels it currently holds in 31 oil fields across 16 countries.
The news source said that the investment will be divided between SK Group companies including, SK Energy, SK Gas and SK Networks.
Source: Datamonitor
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