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InterOil (IOC +6.9%) surges after the WSJ reports Korea Gas is building a consortium that will...

InterOil (IOC +6.9%) surges after the WSJ reports Korea Gas is building a consortium that will partner with InterOil to get its Papua New Guinea natural gas project off the ground. InterOil, which said it would seek partners following government objections to its original plan, will sell a stake in a $6B natural gas processing plant as part of the deal, and perhaps also stakes in local gas discoveries.
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