Korean investment.

• Position: Ssangyong Oil Refining Co. - Oil and Gas - Brief Article

When Stewart Petroleum Co. of Anchorage began drilling an exploratory well on the west side of Cook Inlet, its principal investor was the Ssangyong Oil Refining Co. of Seoul, one of the three largest oil refiners in South Korea. Both companies say the arrangement marks the first time a Korean firm has made a joint-venture investment in an Alaska oil and gas exploration project.

The well, located 66 miles southwest of Anchorage in the West McArthur River area, is being drilled from an onshore location on West Foreland to an...