(EnergyAsia, October 24) — Chinaoil, the trading arm of PetroChina, has signed a deal with the Korea National Oil Corp. (KNOC) to lease crude oil storage space in South Korea. According to Korean media, the deal is valid for one year and involves 2.7 million barrels in storage capacity. South Korea has the right…
SOUTH KOREA: Chinaoil to lease storage space
Posted on October 24, 2005 by EnergyAsia