SEOUL (AFX-ASIA) – Hyundai Oil Refinery Co Ltd said its largest shareholder International Petroleum Investment Co (IPIC) of UAE has agreed to provide 900 mln usd in fresh financial aid to the refinery.The financial aid consists of US$400 m in deferred payments of oil imports and US$500 m in trade-related financing, which the company said…
KOREA: Hyundai Oil Refinery to receive US$900 m financial aid from UAE’s IPIC
Posted on April 2, 2002 by EnergyAsia