is the world’s largest oil storage terminal in Yeosu city port in South Jeolla province.
The bunker terminal stores up to 50 million barrels of fuel, enough to cover 23 days of South Korea’s domestic oil need.
As the nation’s ninth oil bunker terminal, it has expanded South Korea’s total storage volume to 140 million barrels.
KNOC said it took 11 years to build the facility, which comprises tunnels and underground tanks.
The Korean government is hoping the terminal will enable the nation to become a major oil storage and trading centre serving Northeast Asia.