Our Network

Register for our free newsletter

 
 
Latest News

South Korea

Qatar-keeps-July-crude-supply-to-Asia-steady

Asian oil buyers help Iran stave off the worst, for now

Asian imports of Iran oil may edge up, but will level by year-end; Japan, China, India and South Korea buy most of Iran's oil exports; Iran exports at risk due to possible fresh sanctions

August 13, 2012 10:18
 
SABIC-NEW

Korean, EU firms win Sabic, Exxon project

South Korea's Daelim Industrial, France's Technip and Spain's Tecnicas Reunidas won deals to build a major synthetic rubber project in Saudi Arabia for a joint venture between Saudi Basic Industries Corp and U.S. Exxon Mobil Chemical.

June 26, 2012 11:19
 
South Korea to halt Iran oil exports

S. Korea to halt Iran oil imports as EU ban bites

South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.

June 26, 2012 11:00
 
South Korea April Iran crude imports

South Korea April Iran crude imports up 42 percent Y/Y -KNOC

Imports over 250,000 bpd Iran crude in April vs. term 200,000 bpd; Jan-April Iran crude imports at 208,700 bpd, down 10 pct yr/yr; Saudi, Kuwait, UAE, Qatar plug the gap with higher supplies; South Korea's total crude imports down 3.7 pct in April y/y

May 29, 2012 12:15
 
South Korea says UAE, Saudi promise more oil

South Korea says UAE, Saudi promise more oil

The United Arab Emirates and Saudi Arabia have promised to fill any gap in South Korea's oil imports if supplies from Iran are disrupted, South Korean Minister of Strategy and Finance Bahk Jae-wan said on Monday.

May 7, 2012 3:34
 
APAN Insurers to Cut Iran Oil Insurance Coverage

APAN Insurers to Cut Iran Oil Insurance Coverage

APAN Insurers to cut cargo insurance coverage by over 50 pct-Nikkei; Reflects European firms' move to halt reinsurance on Iran oil

April 4, 2012 3:19
 
South Korea takes 40 percent stake in UAE oilfields

South Korea takes 40 percent stake in UAE oilfields

A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said on Monday.

March 5, 2012 1:21
 
South Korea’s Lee to start Middle East crude talks Tuesday

South Korea’s Lee to start Middle East crude talks Tuesday

South Korean President Lee Myung-bak will hold meetings with major crude suppliers Saudi Arabia, Qatar and the United Arab Emirates from Tuesday through Friday, as the country looks for alternatives to Iranian oil.

February 6, 2012 2:55
 
South Korea, Japan want us to detail Iran sanctions

South Korea, Japan want us to detail Iran sanctions

South Korea and Japan will soon meet US officials in Washington to ask how much oil they can import from Iran under new sanctions that leave the Asian nations with few alternative sources for energy, government officials said on Wednesday.

February 1, 2012 1:22
 
Kuwait in $556M deal with Daewoo for five new tankers

Kuwait in $556M deal with Daewoo for five new tankers

Kuwait Oil Tanker Co (KOTC) has signed a $556 million contract with South Korea's Daewoo Shipbuilding & Marine Engineering to build five new tankers, the state news agency KUNA reported on Monday.

January 31, 2012 2:59
 
123