1H Average Retail Gas Price at Record Low in 6 Years

... After increasing to more than 1,700 won in 2010, the price once shot up to more than 2,000 won per liter in 2011 and 2012. Oil refinery industry officials predicted the international crude oil prices would be stabilized at the level of $50 to early $60s. Accordingly, ...

The Korea Economic Daily | 2015.07.28 08:18

S-Oil Shares Down despite 2Q Earnings Surprise

... results, investors must lower their expectations on operating profit levels of oil stocks." SK Innovation, the largest cap among oil refinery stocks, was closed down 3.27 percent on the day while GS, which is the "grandparent" company of GS Caltex, saw its shares down 1.59 ...

The Korea Economic Daily | 2015.07.25 09:36

Oil Refining and Chemical Stocks in Decline Across the Board

... Korea Petrochemical Industries (-2.31%), Hanwha Chemical (-2.20%), and LG Chem (-1.66%) were down across the board. The top-three refinery stocks including SK Innovation, S-Oil, and GS Caltex were also losing more than 2 percent. SK Innovation was down by 3,000 won ...

The Korea Economic Daily | 2015.07.24 12:35

Korea's Overseas Resource Development Bid Hampered by Domestic Squabbling

... counterparts were doing nothing due to the government's investigations into cases of mismanagement. During the same time, an oil refinery was sold back due to domestic criticism. According to an internal report produced by the Korea National Oil Corp. on July 23, Chinese ...

The Korea Economic Daily | 2015.07.24 03:32

SK Innovation Stock in Free Fall Despite Good 2Q Results

The stock price of SK Innovation is in free fall despite its better-than-expected second-quarter results. It was largely because of worries over poor performance expected in the second half. At 10:48 am on July 23, SK Innovation shares were traded at...

The Korea Economic Daily | 2015.07.23 14:19

국내 건설사, 초대형 쿠웨이트 정유공장 사실상 수주

... 임박 전체 140억달러중 62억달러 이상 확보…중동 수주 가뭄에 '단비' 올해 3월 국내 건설사들이 무더기로 최저가에 입찰했으나 예산 문제로 수주가 지연돼 온 쿠웨이트 알 주르 신규 정유공장(New Refinery Project·NRP)의 낙찰 통보와 계약이 임박한 것으로 확인됐다. 건설사의 입찰 금액이 당초 예산을 초과하면서 난색을 표하던 쿠웨이트 정부가 최근 추가 증액되는 예산을 승인하면서 수주의 걸림돌이 해소된 것이다. 쿠웨이트 ...

연합뉴스 | 2015.07.22 07:23

GS Caltex and Hyundai OilBank Win Thrifty Gas Station Licenses

... Caltex, the second-time winner since 2012, taking charge of southern provinces (Gyeongsang and Jeolla). Only those oil companies with refinery capacity in domestic locations and nationwide distribution channels are eligible to enter Tier 1 Market biddings. Tier 1 Market suppliers ...

The Korea Economic Daily | 2015.07.15 13:39

Bidding for Thrifty Gas Station Fuel Suppliers to Begin Soon

... total of three oprators, including two in Tier 1 Market and one in Tier 2 Market. In Tier 1 Market only those oil companies with refinery capacity in domestic locations and nationwide distribution channels are eligible to enter. In this category, only four companies, including ...

The Korea Economic Daily | 2015.07.04 11:28

Oil Refinery Stocks Gain Strength after News of OPEC Decision to Freeze Output Level

Oil refinery stocks are gaining rapidly on the news that the Organization of the Petroleum Exporting Countries would keep their output level unchanged. At 10:20 am on June 8, SK Innovation shares were traded at 118,000 won, up 3.96 percent (4,500 won) ...

The Korea Economic Daily | 2015.06.08 13:50

OCI to Dispose of Profitable Specialty Gas Unit OCI Materials

... emerging markets such as India and Africa. By the first half of next year, OCI will complete the construction of a 350,000-ton coal tar refinery in Ma'anshan, Anhui Province, and an 80,000-ton carbon black production facility in Zaozhuang, Shandong Province, and start commercial...

The Korea Economic Daily | 2015.05.30 02:30