South Korea invests $21,5 billion in foreign power projects
National pension service of South Korea, which is supervising almost 200 billion dollars, plans to invest $21,5 billion in foreign power projects within the next ten years.
As the pension service has informed today, the responsibility for the investment program will be distributed between three state power companies - Korea National Oil Corp., Korea Gas Corp. and Korea Resources Corp.
The national pension fund is measured to invest mainly in those gas and oil deposits, which it has already mastered. The purpose of the project - is to lower dependence of the country on import of energy carriers and to achieve, that till 2013 South Korea would provide it with the hydrocarbons extracted on own deposits at least on 20 %.
Now South Korea is the fifth on size world consumer of oil import.
It is worth of mentioning that at the moment Moscow and Seoul study an opportunity of creation of joint venture for storage of uranium production with the subsequent Korean fabrication.
In this connection the governments of two countries have undertaken to charge to study to corresponding organizations “an opportunity of creation of the joint Russian-Korean enterprise for storage of specially allocated uranium production with the subsequent Korean fabrication”.
