Korea Imported Oil from The U.S.

Posted: 09/10/2014 03:09:00   Hits: 918
Before dawn on September 11, a cargo ship loading 4 hundred thousand barrels of American gas condensate will arrive at Port of YOSU in Jeollanam-do, Korea. Korean oil industry is very concerned about that. It is the first time for 41 years that Korea imports oil from the U.S. Korea may get rid of excessive dependence on Middle East gradually.
When Arabic countries adopted oil embargo to the U.S. in 1973, the U.S. is always strictly restricting oil export for ensuring steady energy supply and demand in homeland. However, with shale gas resolution breaking out, spare oil supply comes out gradually. In July, Department of Commerce stated that gas condensate and other refined oil were a type of good and allowed oil export.
Korean experts analyze that if the channel that import gas condensate from the U.S. can be opened up, the risks caused by Korean excessive dependence on Middle East will be eased. ISIS has caused unsteady situations in Middle East, which becomes one of the largest disturbing elements impacting oil supply in Iraq.
After EU, Korea also asked for American government relaxing restrictions, allowing American oil refining corporations to export oil to Korea. In August, energy tem delegation of United States House of Representatives visited Korea and met Park Geun-hye, Korean President. At that time, Park Geun-hye referred to expect the U.S. to broaden limitation so that Korea can import light oil made in Texas and North Dakota from the U.S. directly.
Korea Imported Oil from The U.S.
NO.2013 Valves catalog download
View and download valve product literature, sales brochures and more.
News & Events
2017 China (Zhengzhou) International Water Equipment and Technology Exposition
Event: 2017 China (Zhengzhou) International Water Equipment and Technology Exposition Venue: Central China International Expo Center (No.210, Zheng Bian Road, Zhengzhou City, Henan Province) Date: 201...
Comparisons of Pneumatic Ball Valves and Electric Ball Valves
(1) Pneumatic ball valves The pneumatic ball valve consists of the ball valve and the pneumatic actuator. It generally needs to be used in conjunction with accessories including the magnetic valve, ai...
Usage of Valve Standards in China
Valve products have been widely applied in petroleum, chemical engineering, nuclear power, metallurgy, electric power, hydraulic power, large coal chemical industry and other industries. Total quantit...
Innovation, the Future Trend for Pneumatic Control Valve
Pneumatic control valve plays a vital role in automatic control system of modern factory. The competition is quite intense in pneumatic valve industry in China. The future development trend of pneumat...