South Korea Grants US Wish for Zero Oil Imports From Iran
South Korea has become the first of Iran’s top 3 oil customers to fulfill a hard-line US demand that buyers cut imports to zero. (Bloomberg) — South Korea has become Continue Reading
Analysis: South Korea’s refinery upgrades boon for Mexican Maya crude
Highlights Hyundai Oilbank to crack heavier crude even more efficiently Mexican Maya crude seen economical for better cracking margins Gearing up for IMO 2020 rule with upgraded crackers Singapore — Continue Reading
Seoul concerned about condensate supplies amid looming Iran sanctions
South Korea is seeking a sanctions waiver from the US to continue importing Iranian condensate, saying that it is hard to find alternative sources due to limited suppliers, a government Continue Reading
South Korea To Import Record U.S. Oil Volumes In September, October
South Korea’s imports of U.S. crude oil are expected to hit all-time highs in September and October, as the world’s fifth-largest oil importer cuts off Iranian oil imports and looks Continue Reading
South Korea plans tax cuts to boost LNG-fired power generation
Seoul — South Korea is planning to cut taxes on LNG by 74% and raise taxes on coal for power generation by 27% next year in an effort to cut Continue Reading
South Korea Rejects Reports Of Iranian Oil Import Suspension
“The embassy of the Republic of Korea denies any claims that it would not lift any Iranian crude and condensate in July,” Xinhua reported on Saturday, after last week Reuters Continue Reading
South Korea Suspends Iranian Oil Imports
South Korea has suspended all buying of Iran crude and superlight crude, more commonly known as condensate after the U.S. stepped up pressure on Iran crude buyers to stop importing Continue Reading
South Korea suspends Iranian oil loading in July for first time since 2012: sources
South Korea will not lift any Iranian crude and condensate in July, halting all shipments for the first time in six years amid U.S. pressure to cut all imports of Continue Reading
Is The Russia-Korea Pipeline Feasible?
The chances of a gas pipeline from Russia to South Korea through the territory of North Korea—a decade-old idea that was on hold due to North Korea’s hostilities—have now risen Continue Reading
S Korea to invest $2.3B in hydrogen fuel cell vehicle industrial ecosystem over next 5 years
The South Korean government and businesses will invest some 2.6 trillion won (US $2.33 billion) over the next five years in a public-private partnership to speed up the development of Continue Reading