Trump says US deal with South Korea includes $8.4 billion for oil recovery
South Korea’s investment package also covers eight nuclear plants, a gas pipeline and a Texas power facility, while Seoul reviews the Alaska LNG project.
- President Donald Trump announced on Friday that the trade deal with South Korea now includes $8.4 billion for an oil recovery project to boost American energy dominance and security.
- Trump unveiled plans for South Korea to invest $200 billion in American projects, including eight nuclear power plants and a 6-gigawatt power generation facility in Texas, per the White House.
- Seoul clarified that the $54 billion Alaska LNG pipeline is not yet finalized and will be reviewed for commercial viability and legal compliance before proceeding.
- In Alaska, Republican Senator Dan Sullivan faces a competitive reelection race against Democrat Mary Peltola, making the pipeline proposal politically significant for his campaign.
- Trump is showcasing these economic deals ahead of November's midterm elections to address voter concerns over high gasoline prices and the Iran war.
22 Articles
22 Articles
Trump says S. Korea deal 'keeps getting better,' unveils $8.4 bil. oil recovery project
WASHINGTON — U.S. President Donald Trump said Friday a deal with South Korea "keeps getting better," announcing a $8.4 billion "enhanced oil recovery project," as Seoul and Washington are working to implement the Asian country's investment commitment under their trade deal signed last year. Trump made the remarks in a social media post, after he unveiled the first package of South Korea's investment projects under the trade deal, including the c…
Following Alaska, Now Oil… Trump Makes Another Unilateral Announcement: “South Korea, $8.4 billion.”
U.S. President Donald Trump claimed on the 2nd (local time) that South Korea's investment in the U.S. includes an $8.4 billion (approximately 11.3 trillion won) oil production expansion project. This comes just two days after he sparked controversy on the 30th of last month by announcing the Alaska liquefied natural gas (LNG) project as if it were finalized, even though no agreement had been reached with South Korea. On that day, Trump posted on…
On the 2nd (local time), U.S. President Donald Trump mentioned an $8.4 billion (approximately 11.3 trillion won) oil production expansion project, stating that the deal with South Korea continues to improve. On the morning of that day, President Trump posted on his social media platform, TruthSocial, "I am here to share the news that the deal with the Republic of Korea is getting better and better."
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