Tuesday, 6 March 2012

South Korea oil deal makes Abu Dhabi history - The National

It might have been just three red polygons on a map of Abu Dhabi but to Young-Won Kang, the chief executive of Korea National Oil Corporation (Knoc), they represented a rare prize.

The odd-looking shapes, which together make up about a tenth of the emirate's land mass, depict exploration blocks for oil.

Joining Mr Kang at Abu Dhabi's InterContinental hotel yesterday was a top presidential adviser, a cabinet minister and a fleet of journalists who had flown all the way from Seoul to witness the historic deal.

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