Saudi Arabia and South Korea signed an MoU to expand oil and gas cooperation, covering petroleum, petrochemicals, crude storage, pipeline infrastructure, technology, and sustainability initiatives, as the two countries seek to strengthen energy security and investment ties. ...
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...
South Korea's Doosan Enerbility has announced that it had signed a contract worth KRW837 billion ($556 million) for the second phase of the Jafurah Combined Heat and Power Plant in Saudi Arabia in partnership with Korea Electric Power Corp (Kepco) and Saudi oil giant Aramco....
Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell production project in Duqm’s special economic zone, with investments estimated at $250 million....
Jeju Air, Jin Air and other Korean budget airlines cut 900 round-trip flights and introduced emergency measures as Middle East tensions pushed jet fuel prices sharply higher, with further flight reductions expected in coming months....
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency. ...
The Emirates Nuclear Energy Company (ENEC) has signed a strategic memorandum of understanding (MoU) with Korea Electric Power Corporation (Kepco) to expand cooperation in advanced nuclear technologies, artificial intelligence (AI), and digital transformation to support the UAE's and South Korea’s civil nuclear fleets. ...
