KNOC to get $1 bln KEXIM credit for overseas deals - News

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KNOC to get $1 bln KEXIM credit for overseas deals

By: AFX | 08 Nov 2009 | 09:16 PM ET

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SEOUL, Nov 9 (Reuters) - The Export-Import Bank of Korea (KEXIM) will provide $1 billion in credit to Korea National Oil Corp (KNOC) to finance the state-run energy developer's overseas asset acquisitions, the state-run bank said on Monday. KEXIM said in a statement that the credit line was aimed at helping KNOC aggressively secure foreign resource assets to be among the world's 50 resource developers by 2012. (Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner) ((yeonhee.kim@thomsonreuters.com; +82 2 3704 5646; Reuters Messaging: yeonhee.kim.reuters.com@reuters.net)) Keywords: KNOC KEXIM/ (If you have a query or comment on this story, send an email to newsfeedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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