Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
4
First snow to fall in Seoul on Wednesday
-
5
Man convicted after binge eating to avoid military service
-
6
S. Korea not to attend Sado mine memorial: foreign ministry
-
7
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
8
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
9
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
10
Nvidia CEO signals Samsung’s imminent shipment of AI chips
NEW YORK (AFP) ― Chinese oil and gas giant Sinopec will invest $2.2 billion in Devon Energy, giving the firm a stake in exploring five U.S. shale fields, a company statement said on Tuesday.
In return for the investment state-run Sinopec would take a one-third stake in fields across the United States, in 125 wells, according to a Devon statement.
Oklahoma City-based Devon Energy will be responsible for running the projects and commercial marketing, it said.
The deal, if approved by watchdogs, would close in the first quarter of this year.
In return for the investment state-run Sinopec would take a one-third stake in fields across the United States, in 125 wells, according to a Devon statement.
Oklahoma City-based Devon Energy will be responsible for running the projects and commercial marketing, it said.
The deal, if approved by watchdogs, would close in the first quarter of this year.
-
Articles by Korea Herald
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
