President Yoon Suk Yeol took it upon himself to announce that Korea will embark on exploratory drilling later this year, following the identification of potential reserves of up to 14 billion barrels of crude oil and natural gas off the coast of Pohang, North Gyeongsang Province.
President Yoon Suk Yeol’s surprise press briefing Monday over the possibility of gas and oil sent energy stocks higher and generated plenty of media buzz about a rosy scenario for a country heavily dependent on imported resources. But there are skeptical views about its feasibility. Yoon said the government has approved a massive project to kick off exploratory drilling in search of gas and oil reserves in the .
President Yoon Suk Yeol’s surprise press briefing Monday over the possibility of gas and oil sent energy stocks higher and generated plenty of media buzz about a rosy scenario for a country heavily dependent on imported resources. But there are skeptical views about its feasibility. Yoon said the government has approved a massive project to kick off exploratory drilling in search of gas and oil reserves in the .
South Korean government on Monday authorized drilling off the country s southeastern coast for oil and natural gas reserves a recent study by a foreign seismic research company indicated would be equivalent to about 14 billion barrels of oil. The resources are believed to be in the in the shores off the Yeongil Bay near Pohang, about 260 kilometers southeast of Seoul, President Yoon Suk Yeol said in a briefing at the.
Posco Group announced Tuesday the completion of a manufacturing plant specifically designed to produce silicon battery materials, laying the groundwork for next-generation secondary battery materials venture. Its battery materials unit Posco Silicon Solution completed a silicon anode material plant in the Yeongil Bay industrial complex of Pohang, North Gyeongsang Province, on Friday. Silicon anode material is a next-.