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Search resuls for: "Korea National Oil Corp"


3 mentions found


☆ South Korea's Hyundai, Saudi Aramco clinch $2.4 bln gas plant deal
  + stars: | 2023-10-24 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +2 min
[1/2] General view of the summit between President of South Korea, Yoon Suk-Yeol and Saudi Arabia's Crown Prince, Mohammed bin Salman in al Yamamah Palace in Riyadh, Saudi Arabia October 22, 2023. Saudi Press Agency/Handout via REUTERS Acquire Licensing RightsSEOUL, Oct 24 (Reuters) - South Korea's Hyundai Engineering & Construction (000720.KS) and Hyundai Engineering have signed a $2.4 billion contract with oil giant Saudi Aramco (2222.SE) to build a gas processing plant, Seoul's presidential office said on Tuesday. Jafurah is Saudi's largest unconventional non-oil associated gas field, with reserves estimated at 200 trillion cubic feet (5.7 trillion cubic metres) of raw gas. State-run Korea National Oil Corp also clinched a storage deal with Aramco during Yoon's visit that allows the Saudi company to store 5.3 million barrels of oil in South Korea's reserve facilities in the port of Ulsan for five years. After a four-day stay in Riyadh, Yoon left for Doha on Monday where he will attend an international horticultural expo before holding a summit on Tuesday with Qatar's Emir Sheikh Tamim bin Hamad al-Thani, his office said.
Persons: Yoon Suk, Saudi Arabia's Crown Prince, Mohammed bin Salman, Yoon Suk Yeol, Yoon, Saudi Crown Prince Mohammed bin Salman, Emir Sheikh Tamim bin Hamad, Hyonhee Shin, Tom Hogue Organizations: Saudi Arabia's Crown, Saudi Press Agency, Handout, REUTERS Acquire, Rights, Hyundai Engineering, Construction, Saudi Aramco, South Korean, Hyundai Motor Group, Hyundai, Aramco, Saudi Crown, Saudi, Hamas, Korea National Oil Corp, Doha, Thomson Locations: South Korea, al Yamamah, Riyadh, Saudi Arabia, Rights SEOUL, Saudi, Israel, South Korea's, Ulsan, Thani
☆ KNOC will take about 3-4 years to return to positive equity, says president
  + stars: | 2023-06-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKNOC will take about 3-4 years to return to positive equity, says presidentIt is a "big challenge" for the Korea National Oil Corporation to return to a positive equity position, but its president and CEO Dong Sub Kim believes "so far, the signs are good."
Persons: Dong, Kim Organizations: Korea National Oil Corporation
☆ Fuel runs short at South Korean petrol stations as union plans general strike alongside truckers
  + stars: | 2022-12-06 | by ( Ju-Min Park Heekyong Yang | Ju-Min Park | Heekyong Yang | ) www.reuters.com   time to read: +3 min
[1/2] Protesters chant slogans at a news conference in support of the ongoing strike by truckers in Seoul, South Korea December 5, 2022. As supplies of fuel and construction materials run low, the South Korean government has stepped up pressure to end the strike. The Korean Confederation of Trade Unions (KCTU), an umbrella union under which the truckers' union falls, has called the President's "start work" order the equivalent of martial law and says the government should negotiate. As of Monday afternoon, nearly 100 petrol stations had run out of fuel. That is up from the 21 petrol stations that the industry ministry had said were out of fuel on Nov. 28.
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