The market was unnerved Thursday with the report by a management consultancy firm that proposed restructuring state-run Korea National Oil Corp.s money-losing overseas crude oil development business.
The report by Deloitte Anjin — Korean member firm of Deloitte Touche Tohmatsu — on reforms in the overseas businesses of state-run energy companies was commissioned by the Ministry of Trade, Industry and Energy.
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| The offshore oil drilling facility of Dana Petroleum, the U.K. explorer focusing on the North Sea and Africa, that KNOC acquired a 90 percent stake for $2.9 billion in 2010 (Bloomberg) |
The full details of the report will be discussed at a public hearing in Seoul on Friday.
According to the available information, the report ha…
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