US EditionS. Korean refiners boost output to prevent fuel shortages
South Korea's top refiners prioritize stable fuel supply by delaying maintenance and increasing output amid soaring naphtha prices and geopolitical tensions, officials said.
9 Articles
9 Articles
Deprived of some of its usual supplies, South Korea is considering obtaining Russian oil. An option made possible by a temporary easing of US sanctions but surrounded by uncertainties.
South Korea's government is in talks with companies about importing Russian crude oil and petrochemicals, the Ministry of Industry in Seoul said, as authorities seek to secure energy supplies amid escalating conflict in the Middle East.
South Korea Joins East Asian Countries Weighing Russian Oil Purchases
South Korea is considering buying Russian oil for the first time in more than three years as Asian refiners scramble to secure alternative crude shipments following the effective closure of the Strait of Hormuz due to the Middle East war, Reuters reported Thursday, citing an industry ministry message. Authorities in Seoul are also discussing the possibility of purchasing naphtha from Russia, a liquid distilled from petroleum that is essential f…
South Korea weighs Russian oil imports as energy risks intensify
South Korea is discussing with companies the possibility of importing Russian crude oil and naphtha, the industry ministry reportedly told local media outlets, as authorities seek to safeguard energy supplies amid escalating conflict in the Middle East. The discussions are linked to evolving sanctions conditions on Russian energy, the ministry indicated. South Korea halted imports […]
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