permianbasin360.com
Parallel Petroleum Welcomes Samsung C&T
By: Mycah Glover
Updated: February 28, 2012
MIDLAND -- Deals are made in the Permian Basin oil and gas industry everyday, but not deals like this. Samsung C&T, a trading arm of Samsung Group, agreed to purchase Midland-based Parallel Petroleum from Apollo Global Management last year. Today, representatives from the Korean-based company traveled thousands of miles to formally announce their newest venture in the oil and gas business.
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Wednesday, February 29, 2012
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