Korea National Oil to acquire 30% stake in Korea GS E&P from GS Energy/

Korea National Oil agreed to acquire a 30% equity interest in Korea GS E&P from GS Energy. Financial terms were not disclosed. GS E&P, a wholly owned subsidiary of GS Energy, holds a 3% interest in the 40-year onshore oil concession in the United Arab Emirates in which the Abu Dhabi National Oil Company has a majority 50% stake.