RusEnergy

02.14.2005 IntelliNews Today - South Korean I-One Corporation is to invest about USD 100mn in the construction of a shale oil processing plant in the Leningrad Oblast, the press reported. I-One Corporation and the local authorities signed the agreement of intents, specifying 80% of USD 128mn needed for the plant’s construction will come from the Korean side. The remaining 20% will be added by domestic companies or by the regional government. Under the agreement, the corporation also has the possibility to acquire a controlling stake in the local shale quarry.