After winning back its oil acreage, South Korea offers pipelines, a power station and negotiations with its commercial rivals
After winning a court battle over the Nigerian government's
attempt to cancel its oil production licences, South Korea's
Korea National Oil Corporation is offering to finance billions
of dollars of new energy projects - partly to ensure that the
dispute with Abuja does not erupt again. Soon after the judgment
found in KNOC's favour on 20 August, the company's officials met
in Abuja with Odein Ajumogobia, Nigeria's Minister of State
for Petroleum Resources, to suggest an out-of-court settlement
to the case it had just won in court....
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