Tag Archives: South Korea

Final oil trade data for July will be released later this month by state-run Korea National Oil Corp.

South Korea had the market share at 70% of the orderbook by cbm. followed by Japan (21%) and China (9%).

Japan’s imports of Iranian oil increased by 10 percent in June compared to the same month last year.

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

South Korea’s crude imports in the first six months of this year were 74.11 million tonnes.

Government working to negotiate with Trump administration to maintain relations with Iran.

The two-way trade volume totaled US$12 billion in 2017. with South Korea exporting $4 billion worth of products.

The lucrative deal is the second chance for South Korea to tap into the Middle East market following a US$20 billion contract with the UAE in 2009.

State-run Korea Gas Corp (KOGAS) and Russian state gas company Gazprom will conduct a joint pipeline study.

Moscow and Seoul are discussing South Korea'.s participation in the Arctic LNG-2 project.