Hyundai Oilbank posts H1 profit, others fall
Aug 24, 2014
Hyundai Oilbank was the only local petroleum refinery that posted a surplus in the first half of this year, thanks to the company’s efforts to diversify its sources of crude oil. “We’re focusing on diversifying sources of crude imports by analyzing oil samples from around the world to find cheaper oil products that better fit our refining equipment,” a Hyundai Oilbank official said. The nation’s smallest refiner reported 11.3 trillion won ($11 billion) in sales and 142 billion won of profit in t