Police raid striking doctors' homes, offices, after deadline passes on return-to-work order
Yoon touts improved Japan ties on Independence Movement Day as gateway to 'new world'
S. Korea, US voice 'deep concern' over NK's definition of S. Korea as 'hostile' country
S.Coups of Seventeen gets military exemption due to knee injury
Korean stocks benefit from Zuckerberg's Seoul visit
DP leader Lee retains ticket to his constituency for April elections
[Weekender] Car camping: How solo female campers enjoy outdoors
Address by President Yoon Suk Yeol on the 105th March 1st Independence Movement Day
Vote on bill to probe first lady lays bare Democratic Party split
NewJeans, Silica Gel win 3 prizes at KMAs; Beenzino nets album of the year
S-Oil to import 700,000 tons of LNG per year from MalaysiaBy Shim Woo-hyun
Published : Aug. 25, 2017 - 16:42
Under the contract, S-Oil will start importing 700,000 tons of LNG per year from April 2018 to April 2033.
“With the latest deal, the company has secured fuel for facilities in Ulsan, which previously used Bunker C as their main fuel sources. The company plans to substitute Bunker C with LNG so that a larger amount of Bunker C can be spared to produce more lucrative products,” an S-Oil spokesperson said.
The Bunker C will be processed at the residue upgrading complex and olefin downstream complex that S-Oil is currently building in Ulsan, it said.
S- Oil previously invested a total of some 4.8 trillion won ($4.25 billion) for the project involving the residue upgrading and olefin downstream complexes. The construction is expected to be completed in April next year.
Details and prices of the contract remained undisclosed by the company.
By Shim Woo-hyun (firstname.lastname@example.org)
Opposition leader retains ticket to his constituency
Car camping: How solo female campers enjoy outdoors
Tensions loom as doctors plan mass rally in deepening clash over med school quota