Friday 28 November 2014
 
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Korea

South Korea makes $500m oil payment to Iran

South Korea has transferred $500 million to Iran to pay for crude oil imports under an interim nuclear deal that provides limited relief from sanctions, two sources with direct knowledge of the matter said.   The

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New delays hit $7bn Aramco refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction is delaying construction of a 400,000-barrel-per-day oil refinery in Jizan in southwest Saudi Arabia, industry sources said. Desp

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Row with Korean builder hits refinery project

A contract disagreement between Saudi Aramco and South Korea's SK Engineering & Construction (SK E&C) is delaying construction of a 400,000-barrel-per-day (bpd) oil refinery in Jizan in southwest Saudi Arabia, industry sources said.

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UAE delegation members to hold ITU positions

Two members of a delegation representing the UAE have been selected to occupy senior positions within an international committee of the ITU Plenipotentiary Conference 2014 in South Korea. Nasser Bin Hammad, senior manager Internat

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Peace activists sign key pact in South Korea

A key agreement has been in South Korea by representatives of 172 nations, including Bahrain, in a bid to end war and establish world peace. The Unity of Religion Agreement, put forward as part of the three-day Summit for the Worl

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South Korea's Iran oil imports double

South Korea's imports of Iranian crude doubled in August from a year ago but fell 8 per cent in the first eight months year-on-year, reflecting moves by the world's fifth-largest crude oil importer to navigate terms of sanctions relief

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Advanced Petrochemical to invest in $1bn Korea plant

Saudi Arabia's Advanced Petrochemical Company plans to invest in a project worth around $1 billion to produce propylenaudie in South Korea, the company said. The propane dehydrogenation (PDH) project, a joint venture with South Kore

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VPS, Korea centre team up to combat cancer

Abu Dhabi’s VPS Healthcare, a leading healthcare provider, has collaborated with a Korea-based oncology centre to establish state-of-the-art cancer screening, diagnosis, treatment, and research facilities across the UAE. The

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Aramco unit buys $1.9bn stake in S Korean oil firm

Aramco Overseas Company (AOC), a unit of state-run oil giant Saudi Aramco, said on Wednesday it had agreed in principle to buy Hanjin Group's entire 28.4 per cent stake in South Korea's S-Oil Corp for about $1.95 billion.

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Abu Dhabi to woo Japan, Korean tourists

Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is leading a six-strong delegation to Japan and Korea next week to stimulate visitor demand. The authority, along with Etihad Airways, Al Mafraq Hotel, Le Royal Meridien Ab

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