SK Innovation’s $1 Billion Sale of Its Stakes in two Peruvian gas fields
SK Innovation Co., South Korea’s leading refiner, executed the sale of its interest in two Peruvian gas fields for $1.05 billion.
The SK Innovation board of directors approved the plan to sell its 17.6 percent stakes in two Peruvian gas fields — Block 88 and Block 56 — to Argentine oil firm Pluspetrol.
Proceeds of the sale will be use to finance investments in other promising energy sectors, including battery and materials business, and expand its presence in the Asian and North American markets.
This may have some effect on the negotiations with Australian Mines about financing Sconi. We shall see.
https://www.globallegalchronicle.com/sk-innovations-1-billion-sale-of-its-stakes-in-two-peruvian-gas-fields/
SK Innovation, page-1406
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