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23.06.2014 South Korea, Turkmenistan sign $4 billon gas deals

South Korean leader Park Geun-Hye on Friday oversaw the signing of $4 billion in agreements to build natural gas-processing plants in the isolated energy-rich Central Asian nation of Turkmenistan.

16.06.2014 South Korea’s oil imports from Iran down 44%

South Korea's imports of crude oil from Iran fell in May from April, with its oil intake from the OPEC member in the first five months of the year holding below last year's daily average, customs data showed on Sunday.

18.04.2014 Iran oil exports fall in March

Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran, Reuters said on April 17.

02.04.2014 Koreas’s KNOC secures oil find in Iraq

The Korea National Oil Corporation has secured about 39 million barrels of oil in Iraq, enough to supply Korea's total oil consumption needs for 18 to 20 days, Korea’s Chosun reported on April 2.

26.03.2014 Hyundai delays delivery of platform for Norwegian Arctic oil

The Korean Hyundai yard is postponing the delivery of the Goliat platform, the first oil production unit made for Norwegian Arctic waters, Barents Observer reported on March 25. Meanwhile, production in the Norwegian Sea continues to decline.

17.03.2014 Iranian oil sales hit one-year high

Global imports of Iranian oil hit a one-year high in January and February, the International Energy Agency said on March 14, data that industry sources say suggests a temporary deal on sanctions pressure on Tehran has helped its oil sales to recover, Reuters has reported

18.02.2014 South Korea's S-Oil buys land from KNOC

South Korea's third-largest refiner, S-Oil Corp, has won a tender to buy land from state-run Korea National Oil Corp (KNOC) to build a refining and petrochemical facility worth at least 5 trillion won ($4.72 billion), Reuters reported on February 18.

17.02.2014 South Korea's KNOC sells land

Korea National Oil Corp (KNOC) is seeking a refiner or a petrochemical maker willing to buy land to build a 5 trillion won ($4.70 billion) refining or petrochemical plant, the state-run oil company has said in a public tender document, Reuters reported on February 17.

22.01.2014 Russia’s Gazprom receives its largest gas carrier

A naming ceremony took place on January 20 for a liquefied natural gas (LNG) carrier at STX O&S shipyard in the city of Jinhae (South Korea), Gazprom’s press office has said. The vessel was named Velikiy Novgorod. It will be the fifth in Gazprom's tanker fleet.

09.01.2014 South Korea to build Asia’s second largest oil terminal

South Korea launched its second commercial oil terminal on Jan 8, another step toward building an oil hub that will be the second-largest in Asia and fourth in the world with a holding capacity of over 36 million barrels for international sales or local use when complete