South Korea | Egypt Oil & Gas - Part 4
Saudia Arabia Lost South Korea’s Market Share to Iran
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, Press TV reported. According to Oil Price, South Korea doubled its imports of Iranian crude in January, when Iran return...
Iran Targets $8.6b Refinery Deals
Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies, Trade Arabia informed. The biggest deal is reserved for Japan’s Marubeni, Chiyo...
Nigeria Takes Delivery of Two LPG Vessels from South Korea
Joint venture of Nigerian National Petroleum Corporation (NNPC), The West Africa Gas Ltd (WAGL), along with Sahara Energy, have taken delivery of two LPG carriers. The two vessels, namely: “MT Africa Gas” ...
S-Oil to Sell Refined Oil Goods to Aramco
South Korea’s S-Oil, the country’s third-largest refiner, has signed a $1b deal to sell a combined 38m barrels of diesel, naphtha and jet fuel this year to Saudi Aramco, Reuters reported. Under the deal fo...
Seoul to Invest $27b in Oman Energy
Oman agreed to allow South Korean companies to participate in the country’s large-scale energy and infrastructure projects, which are estimated to a total cost of $27.1b. In addition, the two sides discussed bil...
Pipeline Leak Delayed Qatar Gas Project
Qatar delayed the start-up of its $10B Barzan Gas project, which is a RasGas-operated joint venture between Qatar Petroleum and ExxonMobil, due to a leak in a gas pipeline, reported Reuters. Phase one of the project w...
Uganda to Look for New Investors in $4b Oil Refinery
The Ugandan government has launched a search for new investors for the construction of a $4b oil refinery in Hoima, after Russia’s RT Resources pulled out of the project, All Africa reported. The Ministry of Energy a...
West Africa to Ship 60 Oil Cargos to Asia in September
The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make the...
