Friday 9 August 2013

Oil minnow GS Energy has become a player in Abu Dhabi's coveted fields - The National

Oil minnow GS Energy has become a player in Abu Dhabi's coveted fields - The National:

"Surrounded by bulgogi restaurants and convenience stores plying rice patties and yogurt, the headquarters of GS - South Korea's eighth-biggest conglomerate by assets - seem somewhat humble.

The lobby is furnished with hard plastic chairs tucked against the walls, and it lacks the flashy LCD screens and demonstration tablets of more ostentatious rivals like Samsung, whose base is down the road in Gangnam, Seoul.

Yet this minnow among South Korea's chaebol, as the nation's family-controlled conglomerates are called, has managed to lay its hand on some of the world's most coveted oilfields in Abu Dhabi."

'via Blog this'

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