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Vol 3 (AAC) No 2

Published 1st December 2009


Nigeria

It's not over until it's over

After winning back its oil acreage, South Korea offers pipelines, a power station and negotiations with its commercial rivals

After winning a court battle over the Nigerian government's attempt to cancel its oil production licences, South Korea's Korea National Oil Corporation is offering to finance billions of dollars of new energy projects - partly to ensure that the dispute with Abuja does not erupt again. Soon after the judgment found in KNOC's favour on 20 August, the company's officials met in Abuja with Odein Ajumogobia, Nigeria's Minister of State for Petroleum Resources, to suggest an out-of-court settlement to the case it had just won in court.

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