South Korea Buys Alberta Oil Sand Interest
In an attempt to secure more oil supplies South Korea's Korean National Oil Corporation has purchased an oil sands mine near Coldlake Alberta. The mine is believed to hold approximately 250 million barrels of extractable oil reserves. Don't expect news like this to be rare over the next few years. Securing oil interests in the relatively close, and reassuringly stable Canadian market is attractive to most Asian countries, especially those which have a dearth of domestic resources.
Link: http://english.hani.co.kr/arti/english_edition/e_business/137818.html