Asian rivals race to acquire natural resource companies

22 Oct 2009

Korea National Oil Corp.’s US$4 billion purchase of Canada’s Harvest Energy Trust offers the latest sign that competition is heating up between Asian nations to secure supplies of natural resources overseas.

The battle between Asian nations to secure supplies of natural resources overseas is heating up and could lead to inflation in energy asset prices.

Yesterday (October 22), Korea National Oil Corp. (KNOC) agreed to buy Canada’s Harvest Energy Trust for US$3.96 billion in South Korea’s largest ever outbound energy ...

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