Tag Archives: Government of South Korea

South Korean refiners and petrochemical producers suspended shipments of Iranian crude and condensate in July.

S.Korea has favoured coal and nuclear power to generate cheaper electricity and to ensure stable power supply.

South Korea has been seeking to shift its focus from coal and nuclear energy to renewable energy to cope with worsening air pollution .

The 13th Plan confirms the increasing role of gas in the electricity generation mix as outlined in the 8th Electricity Plan.

The passenger and car ferry will be operated between Korean and Chinese or Japanese ports.

South Korea has been one of the backbone customers of crude oil from Iran.

Iran’s exports of gas condensate through 2016 stood at an average of 611.522 barrels per day.

Since its first contract with Iran in 1975. Daelim has carried out more than two dozen construction projects there worth a total of $4.55 billion.

License and authorization have been issued and the South Korean company executives are involved in stage of carrying out the project.

Iran has an abundance of natural resources. the world'.s second largest natural gas reserves and fourth largest oil reserves.