Kuwait Petroleum Corporation has signed a two-year agreement with Korea National Oil Corporation (KNOC) for the storage of up to 4 million barrels of crude oil within KNOC’s storage facility located in Ulsan.
TotalEnergies has signed a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of LNG per year for 7 years starting from 2027.
Minister of Petroleum and Mineral Resources, Tarek El Molla, received Kim Yong-Hyun, South Korean Ambassador to Cairo, who recently assumed his duties, to discuss ways to develop relations between Egypt and South ...
South Korean naphtha cracker operators are willing to stop importing Russian petrochemical products after receiving the last deliveries from existing contracts this month due to its invasion of Ukraine.
A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same ...
Saudi Aramco has completed acquiring 17% stakes of South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion.
Total and a South Korean oil company are being considered for a partnership in the Duqm Refinery and Petrochemical Industries.
The two companies will expand their reliance on non-metallic materials in a wide range of applied application areas, led by the automotive industry.
Haliba field, located along the southeast border of Abu Dhabi, will produce 4 million barrels per day by the end of 2020.
The agreements were signed with a diverse set of companies that work on ship building, engine manufacturing, refining, petrochemicals, and crude supply, sales, and storage.
