South Korea
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South Korea’s Oil Imports Decline 7.5% in December
Sunday, 3rd January 2021
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 month of the previous year.
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Saudi Aramco Acquires 17% Stakes in Hyundai Oilbank
Thursday, 19th December 2019
Saudi Aramco has completed acquiring 17% stakes of South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion.
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Duqm Refinery Could Allow New Partners: Minister
Monday, 22nd July 2019
Total and a South Korean oil company are being considered for a partnership in the Duqm Refinery and Petrochemical Industries.
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Aramco, Hyundai Ink MoU For Hydrogen Fuel, Non-Metallic Materials
Thursday, 4th July 2019
The two companies will expand their reliance on non-metallic materials in a wide range of applied application areas, led by the automotive industry.
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Al Dhafra Petroleum Produces First Crude From Haliba Field
Wednesday, 3rd July 2019
Haliba field, located along the southeast border of Abu Dhabi, will produce 4 million barrels per day by the end of 2020.
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Saudi Aramco Signs 12 Deals with South Korea
Wednesday, 26th June 2019
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.
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Aramco to Buy a $1.2 B Stake in Hyundai Oilbank
Monday, 15th April 2019
Saudi Aramco has agreed to purchase $1.2 billion stake in South Korean oil refiner Hyundai Oilbank.
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Qatar to Order 60 LNG Carriers from South Korea
Tuesday, 29th January 2019
Qatar plans to order 60 new liquefied natural gas (LNG) carriers from South Korea, Saad Al-Kaabi Qatari Oil Minister said during a bilateral summit for Doha.
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US to Give Eight Nations Oil Waivers for Iran Sanctions
Sunday, 4th November 2018
The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.
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South Korea Imports of Iranian Crude Fall 86.5% YOY
Monday, 17th September 2018
South Korea’s imports of Iranian crude plummeted 86.5% year-on-year (YOY) in August, in anticipation of US sanctions set to take full effect in November.
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021