South Korea | Egypt Oil & Gas - Part 7
Saudi-Korean $640m Polyethylene Project to Operate out of Singapore
Saudi Basic Industries Corp (SABIC) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Co to produce polyethylene products. Total investment will...
Traders Set to Send Record Amount of North Sea Oil to South Korea
Oil traders may send a record amount of crude from the North Sea to South Korea this month, amid signs that refining rates in the Asian country are surging. Three tankers each able to ship 2 million barrels of oil hav...
Aramco to Use Asian Talent in Global Refining Contest
Saudi Arabia’s state oil firm is on a hiring spree in South Korea, as the world’s top crude exporter seeks engineers to run plants in its soaring refining sector – setting it on course to compete wit...
South Korean Company Wins 40-Year Abu Dhabi Concession
South Korea’s GS Energy said on Wednesday it had agreed to buy a stake worth 743 billion Korean won ($676 million) in a new 40-year onshore oil concession in Abu Dhabi, the latest move by import-dependent Asian ...
UAE Peaceful Nuclear Program Takes Step Forward
The Emirates Nuclear Energy Corporation (Enec) has filed the Operating License Application (OLA) for Barakah Units 1 & 2 with the UAE’s Federal Authority for Nuclear Regulation (FANR). The submittal follows a five...
Oman Oil Executive Found Guilty in Anti-Corruption Campaign
The chief executive officer of Oman Oil Company has been sentenced to 23 years in jail in a landmark case that found that Ahmad Al-Wahibi accepted a bribe of $8 million from Korea-based firm LGI, a report said. The de...
South Korea to Expand Energy Cooperation with Kuwait
South Korea is seeking to promote economic ties with Kuwait to the level of energy cooperation, visiting Minister of Trade, Industry and Energy Yoon Sang-jick has said. Kuwait is the second biggest exporter of oil to ...
Iran Methanol Mega Plant to Rival US Shale Gas
Iran is building the world’s largest methanol plant which the country is touting as a rival to US shale gas. The Kaveh mega methanol project, being implemented in the Persian Gulf city of Bandar Dayyer, is 70% complet...
