AsianOil - Asia Oil & Gas

Samsung Heavy secures $1.5bn LNG carrier orders from Oceania

Samsung Heavy Industries has announced contracts worth $1.52bn to build six LNG carriers for two shipowners based in Oceania.

South Korea outlines measures to support petrochemical sector restructuring

The Ministry of Trade, Industry and Energy said on August 20 that the roadmap aims to reduce surplus capacity, shift production towards higher-value specialty products, strengthen firms’ financial health and limit the impact of restructuring