South Korea | Egypt Oil & Gas - Part 5
Iran’s Condensate Exports to Fall in July
Iranian crude exports will reach its lowest level in July, a five-month low, as purchases of the ultra-light oil by Asian refiners, especially South Korea, decreased, Reuters reported. As refineries in Asia replace th...
Egypt Negotiating South Korean $3b Investment
South Korea aims to increase its investments in Egypt to $3b mainly in renewable energy, according to Korea’s Minister of Trade, Industry and Energy, Joo Hyunghwan, Daily News Egypt reported. According to Tarek Kabil,...
Iranian Crude Exports to Asia Expected to Increase
Iranian crude export to the Asian markets in February jumped by about 25% from a year earlier to levels last seen in 2014, as latest market figures show, according to Press TV. The rise came as shipments into India an...
Egypt to Get $3b Financial Package from South Korea
South Korea will provide Egypt with a financial package worth $3b for export credits and to develop infrastructure in the energy, water resources, and transport sectors, the Egyptian presidency announced according to ... South Korea Plans to Boost Iranian Oil Imports
South Korea plans to boost imports of Iranian oil, in particular condensate, which is a super light oil that can be processed into fuels and petrochemicals, to meet country’s growing demand, Reuters reported. Ir...
Egypt to Sign $575m Loan Agreements with Japan, South Korea
Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575m to finance projects in energy and transportation, Al Bawaba wrote. The loan agreement comes as a result of ...
Aramco Purchases $1.12b of Oil Products from South Korea’s S-Oil Corp
South Korea’s S-Oil Corp agreed to sell $1.12b of oil products to Saudi Aramco Products Trading Company, an increase compared with 2015, reported Reuters. The contract provides for the supply of 12m to 24m barre...
Kuwait Joins Saudi-South Korean Petrochem Venture
Kuwait’s Petrochemicals Industries Company (PIC) has agreed to pay $100m to buy a 25% equity stake in a venture owned by South Korea’s SK Gas Co Ltd and Saudi Advanced Petrochemical Co, reported Reuters. T... 
