Korea | Egypt Oil & Gas

ADNOC Secures $2Bn S.Korean Financing to Fund Sustainable Projects

Abu Dhabi National Oil Company (ADNOC) has signed a $2 billion (AED 7.34 billion) green financing agreement backed by the Korea Trade Insurance Corporation (K-SURE) to support the development of lower-carbon projects ...

Aramco, Korean Entities Sign Ten Agreements at Saudi-Korean Investment Forum

Saudi Arabian oil company Aramco announced that it has signed an agreement in addition to nine other memoranda of understanding (MoUs) with major Korean entities aiming to optimize its downstream strategy and develop ...

QP, KOGAS Ink 20-year SPA for LNG Supply

Qatar Petroleum (QP) has signed a 20-year Sale and Purchase Agreement (SPA) with Korea Gas Corporation (KOGAS) to supply 2 million tons of liquified natural gas (LNG) per year (mmt/y) to the Republic of Korea, accordi...

Saudi Aramco, Samsung Ink Gas Deal

Samsung Engineering inked a $1.85-billion-deal with Saudi Arabia on a gas project, according to Arabian Business. The project is known as Aramco Hawiyah Unayzah Gas Reservoir Storage (HUGRS), located 260 kilometers (k...

KNOC to Boost Investments in Egypt

The Korea National Oil Corporation (KNOC) Chairman, Suyeong Yang stated that the company aims to expand its investments in Egypt to strengthen the bilateral relationship between the two countries, as well as promote t...

S. Korea to Invest $27b in Omani Downstream Projects

South Korean companies will participate in Oman’s large-scale energy and infrastructure projects worth over $27b. The projects include the construction of a refinery in Duqm, a petrochemical plant in Sohar, the ...

Saudi Arabia Signs $900m KEXIM-Backed Loan for Power Plant

Saudi Electricity Co (SEC) –the largest utility company in Saudi Arabia– signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction o...

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