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South Korea said its economic growth faces prolonged downside risks as uncertainty surrounding external conditions grow more than expected.
Read More »South Korea Warns of Prolonged Downside Risk to Economic Growth
South Korea Finalize Plans to Raise Share of Renewable Power
Asia’s fourth-largest economy is shifting toward cleaner energy amid growing criticism over its air quality.
Read More »South Korea Wants US to Backtrack on Iran Decision
South Korea is sending a delegation to the United States to seek an extension of waivers which Washington ended on Monday with the aim of bringing Iran’s oil exports to zero.
Read More »Iran Sanctions Alarm Korean Petrochemical Sector
Condensate accounts for a majority of the crude oil from Iran.
Read More »Aramco Buys Stake in South Korean Hyundai Oilbank
Aramco planned to invest up to $1.6 billion in Hyundai Oilbank. to expand its foothold in South Korea.
Read More »Pipelines could Derail the US Oil Boom
Quality could at some point become a bigger problem for US producers.
Read More »South Korea Imports One-Fifth of Pre-Sanction Iran Oil
South Korean refiners and chemical heavily relied on Iranian condensate for production of various petrochemical products.
Read More »S. Korean Firms to Resume Iran Gas Condensates Purchase
In November 2018. US granted exemptions to eight countries including South Korea to import Iran oil.
Read More »Saudi Aramco. Total Sign MoU to Build Polyisobutylene Facility
This specialty chemical project will be part of the large-scale petrochemical complex of Amiral. located in the value park.
Read More »Saudi Aramco Considers to buy stake in Hyundai Oil bank
Aramco'.s plan to buy a stake in Hyundai Oilbank can be seen as Saudi Arabia'.s move to secure its market share in South Korea.
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