Posted on 23/10/09
South Korea goes big in Alberta's oil sands
CALGARY -- One side was struggling under a heavy debt load, strapped for cash and searching for new partners. The other was smarting from a high-profile loss against China.And so, weeks after state-owned Korean National Oil Co. was the loser in a bidding war for Addax Petroleum Corp. in the summer, it began takeover negotiations with Harvest Energy Trust .
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