South Korea | Egypt Oil & Gas
South Korea Plans $350 Bn Push Into US Energy Sector
South Korea has laid out plans for three major energy projects in the US as part of a $350 billion investment package agreed with Washington, seeking to advance strategic investments while securing exemptions from US ...
Europe’s Jet Fuel Imports Rise as Q4 Supply Shortfall Deepens
Europe is expected to face a jet fuel supply shortfall of around 510,000 barrels per day (bbl/d) in the fourth quarter (Q4) of 2026, despite increasing imports from distant suppliers including South Korea, according t...
South Korea Nears Oil Supply Deal with Kazakhstan Amid Middle East Disruptions
South Korea is close to securing crude oil supplies from Kazakhstan, as Seoul steps up efforts to diversify energy sources amid ongoing conflict in the Middle East, the country’s industry minister announced, according...
Kuwait Petroleum Signs Two-Year Crude Storage Agreement in Korea
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. The comp...
TotalEnergies to Supply HD Hyundai Chemical with 200,000 Tons of LNG Annually
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. This agreement comes In line with TotalEnergies strategy to...
Egypt, South Korea Explore Oil, Gas, Green Energy Cooperation
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 Korea ...
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, two industry s...
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 mont...
