South Korea to Stop Importing Russian Naphtha
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.
South Korea | Egypt Oil & Gas
South Korea’s Oil Imports Decline 7.5% in December
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 Acquires 17% Stakes in Hyundai Oilbank
Saudi Aramco has completed acquiring 17% stakes of South Korea's Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion.
Duqm Refinery Could Allow New Partners: Minister
Total and a South Korean oil company are being considered for a partnership in the Duqm Refinery and Petrochemical Industries.
Aramco, Hyundai Ink MoU For Hydrogen Fuel, Non-Metallic Materials
The two companies will expand their reliance on non-metallic materials in a wide range of applied application areas, led by the automotive industry.
Al Dhafra Petroleum Produces First Crude From Haliba Field
Haliba field, located along the southeast border of Abu Dhabi, will produce 4 million barrels per day by the end of 2020.
Saudi Aramco Signs 12 Deals with South Korea
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.
Aramco to Buy a $1.2 B Stake in Hyundai Oilbank
Saudi Aramco has agreed to purchase $1.2 billion stake in South Korean oil refiner Hyundai Oilbank.
Qatar to Order 60 LNG Carriers from South Korea
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.
US to Give Eight Nations Oil Waivers for Iran Sanctions
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.
