GS Caltex becomes first Korean company to import US crude oil in 41 years
IndustryNov 21, 2016
GS Caltex has become the first South Korean company to import US crude oil in 41 years, the company said Monday. Korea’s second-largest oil refiner said the large crude carrier IZKI loaded with 1 million barrels of US Eagle Ford Crude arrived Sunday at a port in Yeosu, South Jeolla Province. The company purchased the crude in July. The unloading work will be finished by Tuesday. Unloading work is underway for the crude oil imported from the US, at a port in Yeosu, South Jeolla Province, Monday.