South Korea | Egypt Oil & Gas - Part 2
Aramco, Hyundai Ink MoU For Hydrogen Fuel, Non-Metallic Materials
Hyundai Motor Company signed a memorandum of understanding (MoU) with Saudi Aramco to accelerate the expansion of using hydrogen fuels in both the Saudi and South Korean markets, Asharq Al-Awsat reported. The two comp...
Al Dhafra Petroleum Produces First Crude From Haliba Field
Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company’s (ADNOC), the Korea National Oil Company (KNOC), and GS Energy announced it has begun producing crude oil from Abu Dhabi’s Haliba field,...
Saudi Aramco Signs 12 Deals with South Korea
Saudi Aramco has signed 12 agreements worth billions of dollars with South Korea, the company said in a statement, according to Reuters. The agreements were signed with a diverse set of companies that work on ship bui... Aramco to Buy a $1.2 B Stake in Hyundai Oilbank
Saudi Aramco has agreed to purchase a . 2 billion stake in South Korean oil refiner Hyundai Oilbank, Reuters reported. Hyundai Heavy Industries Holdings signed a deal with Aramco for some of Oilbank’s shares. The deal...
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, Reuters reported. The chief executive of South Korea’s Daew...
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, a US government official told Bloomberg. The waivers have been gran...
South Korea Imports of Iranian Crude Fall 86.5% YOY
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, S&P Global Platts reported. South Korea imported just 1.71 ...
South Korean KEPCO Shortlisted for Saudi Nuclear Tender
State-run Korean Electric Power Corp (KEPCO) is among companies shortlisted to bid for a nuclear project in Saudi Arabia, Reuters reported. “We were informed by our Saudi counterpart, King Abdullah City for Atom...
