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[Editorial] Gas, oil exploration

President Yoon Suk Yeol’s surprise press briefing Monday over the possibility of gas and oil sent energy stocks higher and generated plenty of media buzz about a rosy scenario for a country heavily dependent on imported resources. But there are skeptical views about its feasibility. Yoon said the government has approved a massive project to kick off exploratory drilling in search of gas and oil reserves in the ...
Kyongsang Bukto South Korea Soult Ukpyolsi Ahn Duk Geun Yoon Suk Yeol Samsung Electronics Given

[Editorial] Gas, oil exploration

President Yoon Suk Yeol’s surprise press briefing Monday over the possibility of gas and oil sent energy stocks higher and generated plenty of media buzz about a rosy scenario for a country heavily dependent on imported resources. But there are skeptical views about its feasibility. Yoon said the government has approved a massive project to kick off exploratory drilling in search of gas and oil reserves in the ...
Soult Ukpyolsi South Korea Kyongsang Bukto Ahn Duk Geun Yoon Suk Yeol Samsung Electronics Given

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Yoon OKs exploratory drilling for 'massive' oil, gas reserve in East Sea

South Korean government on Monday authorized drilling off the countrys southeastern coast for oil and natural gas reserves a recent study by a foreign seismic research company indicated would be equivalent to about 14 billion barrels of oil. The resources are believed to be in the in the shores off the Yeongil Bay near Pohang, about 260 kilometers southeast of Seoul, President Yoon Suk Yeol said in a briefing at the...
South Korea Cholla Namdo Soult Ukpyolsi Kyongsang Bukto South Korean Yoon Suk Yeol

Posco breaks ground for W1.5t nickel and precursor plants

South Korean steel giant Posco Group said Friday that it held a ground-breaking ceremony for its new plants dedicated to nickel and precursor production, as part of efforts to secure a stable supply chain for secondary battery materials. For this project, Posco partnered with CNGR, a Chinese company renowned for its global leadership in precursor production. In January, Posco Holdings and CNGR established Posco CNGR ...
South Korea Wu Xiaoge Kyongsang Bukto South Korean Lee Kang Deok Kim Jun Hyung

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